Accounting - McGraw
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TABLE OF CONTENTS Accounting.................................................... 3 Finance.......................................................... 63 Accounting for Non-Accounting Managers...................... 15 Bank Management........................................................... 94 Accounting Information Systems...................................... 40 Behavioral Finance.......................................................... 98 Accounting Principles........................................................ 6 Cases in Corporate Finance............................................. 89 Accounting Principles Supplements................................. 14 Derivatives/Futures & Options....................................... 102 Accounting Theory.......................................................... 52 Entrepreneurial Finance................................................. 103 Advanced Accounting..................................................... 41 Finance for the Non-Financial Managers........................ 101 Advanced Managerial Accounting................................... 49 Financial Institutions and Markets.................................... 92 Auditing.......................................................................... 44 Financial Institutions Management................................... 92 Auditing Practice Cases................................................... 48 International Financial Management................................ 95 College Accounting......................................................... 39 International Financial Markets........................................ 97 Computerized Accounting............................................... 29 Investment (Professional References)............................... 84 Corporate Financial Reporting......................................... 59 Investments-Graduate...................................................... 82 Cost Accounting/Cost Management................................. 37 Investments-Supplementary............................................. 82 Cost Accounting Supplements......................................... 39 Investments-Textbooks..................................................... 77 Ethics in Accounting........................................................ 61 Managerial & Corporate Finance-Graduate...................... 73 Financial Accounting....................................................... 16 Managerial & Corporate Finance-Supplements................. 71 Financial Accounting Supplements.................................. 22 Managerial & Corporate Finance-Textbooks..................... 65 Financial Statement Analysis............................................ 54 Money and Capital Markets............................................. 91 Governmental/Non-Profit................................................ 50 Personal Finance............................................................. 98 Intermediate Accounting.................................................. 33 Risk Management.......................................................... 102 Intermediate Accounting Software................................... 35 Risk Management (Professional References)................... 103 Intermediate Accounting Supplements............................. 36 International Accounting................................................. 53 Management Control....................................................... 59 Managerial Accounting.................................................... 24 Managerial Accounting Supplements............................... 29 Insurance & Real Estate.......................................................104 MBA Principles................................................................ 58 Other Accounting............................................................ 61 Payroll Accounting.......................................................... 61 Professional References................................................... 61 Survey of Accounting...................................................... 56 Real Estate Finance/Investment...................................... 105 Real Estate Principles, Analysis & Management.............. 104 Real Estate (Professional References).............................. 106 Upper Division Insurance.............................................. 104 Undergraduate Taxation.................................................. 49 Indexes.............................109 Title Index..................................................................... 109 Author Index................................................................. 112 TABLE OF CONTENTS 2007-2008 NEW Accounting Titles Accounting ~ Contents Accounting for Non-Accounting Managers...................... 15 Accounting Information Systems...................................... 40 2007 New Titles AINSWORTH Introduction to Accounting: An Integrated Approach, 4e ............................................................. 7 ISBN-13: 978-0-07-352666-9 / MHID: 0-07-352666-5 Accounting Principles........................................................ 6 Accounting Principles Supplements................................. 14 Accounting Theory.......................................................... 52 Advanced Accounting..................................................... 41 Advanced Managerial Accounting................................... 49 Auditing.......................................................................... 44 Auditing Practice Cases................................................... 48 College Accounting......................................................... 39 Computerized Accounting............................................... 29 Corporate Financial Reporting......................................... 59 Cost Accounting/Cost Management................................. 37 Cost Accounting Supplements......................................... 39 Ethics in Accounting........................................................ 61 Financial Accounting....................................................... 16 Financial Accounting Supplements.................................. 22 Financial Statement Analysis............................................ 54 Intermediate Accounting Software................................... 35 Intermediate Accounting Supplements............................. 36 International Accounting................................................. 53 Management Control....................................................... 59 Managerial Accounting.................................................... 24 Payroll Accounting.......................................................... 61 Professional References................................................... 61 Survey of Accounting...................................................... 56 Undergraduate Taxation.................................................. 49 ISBN-13: 978-0-07-310089-0 / MHID: 0-07-310089-7 BREWER Introduction to Managerial Accounting, 3e..............26 ISBN-13: 978-0-07-304883-3 / MHID: 0-07-304883-6 BROCK Cost Accounting: Principles and Applications, 7e.....38 ISBN-13: 978-0-07-298248-0 / MHID: 0-07-298248-9 CATANACH Business Activity Model Student CD, 3e...................35 ISBN-13: 978-0-07-321824-3 / MHID: 0-07-321824-3 [MH UK Title] DEEGAN Financial Accounting Theory, 2e ......................... ......52 ISBN-13: 978-0-07-471671-7 / MHID: 0-07-471671-9 [MH Australia Title] DOUPNIK International Accounting..........................................53 ISBN-13: 978-0-07-250775-1 / MHID: 0-07-250775-6 EDMONDS Fundamental Financial and Managerial Accounting Concepts w/H-D Annual Report.................................8 ISBN-13: 978-0-07-322293-6 / MHID: 0-07-322293-3 Other Accounting............................................................ 61 ANTHONY Management Control Systems, 12e..........................59 Principles of Accounting and Finance.................. .....13 ISBN-13: 978-0-07-711421-3 / MHID: 0-07-711421-3 Managerial Accounting Supplements............................... 29 MBA Principles................................................................ 58 ISBN-13: 978-0-07-310091-3 / MHID: 0-07-310091-9 DAVIES Governmental/Non-Profit................................................ 50 Intermediate Accounting.................................................. 33 ANTHONY Accounting: Text and Cases, 12e...............................58 EDMONDS Survey of Accounting...............................................56 ISBN-13: 978-0-07-352677-5 / MHID: 0-07-352677-0 ENGSTROM Essentials of Accounting for Governmental and Not-for-Profit Organizations, 8e........................50 ISBN-13: 978-0-07-313096-5 / MHID: 0-07-313096-6 HOYLE Advanced Accounting, 8e.........................................41 ISBN-13: 978-0-07-066188-8 / MHID: 0-07-299188-7 HOYLE Fundamentals of Advanced Accounting, 2e..............42 ISBN-13: 978-0-07-299192-5 / MHID: 0-07-299192-5 JACKLING Accounting: A Framework for Decision Making, 2e............................................................................ .9 ISBN-13: 978-0-07-471705-9 / MHID: 0-07-471705-7 [MH Aust Title] 2007-2008 NEW Accounting Titles WILD Financial and Managerial Accounting, 2e ...............9 ISBN-13: 978-0-07-327111-8 / MHID: 0-07-327111-X 2007 New Titles JONES Principles of Taxation for Business and Investment Planning, 2007 Edition, 10e...................49 ISBN-13: 978-0-07-110774-7 / MHID: 0-07-110774-6 (IE w/Annual Report) ISBN-13: 978-0-07-312824-5 / MHID: 0-07-312824-4 (Chapter 1-25 with Circuit City Annual Report) ISBN-13: 978-0-07-330969-9 / MHID: 0-07-330969-9 MARSHALL Accounting: What the Numbers Mean, 7e...............57 WILLIS Introduction Accounting, 2nd Revised Edition........ 21 NG Consolidated Financial Statements (Singapore)........43 ISBN-13: 978-0-07-0471971-8 / MHID: 0-07-471971-8 [MH Australia Title] ISBN-13: 978-0-07-125722-0 / MHID: 0-07-125722-5 [An Asian Publication] WILSON Accounting for Governmental and Non-Profit Entities, 14e..............................................................51 PASEWARK Understanding Corporate Annual Reports, 6e . ....23, 36 ISBN-13: 978-0-07-310181-1 / MHID: 0-07-310181-8 WILSON City of Smithville, 14e..............................................52 ISBN-13: 978-0-07-340396-0 / MHID: 0-07-340396-2 ISBN-13: 978-0-07-310096-8 / MHID: 0-07-310096-X YACHT Computer Accounting Essentials with Quickbooks, 3e ............................................................................30 PENMAN Financial Statement Analysis and Security Valuation, 3e ...........................................................55 ISBN-13: 978-0-07-312713-2 / MHID: 0-07-312713-2 PRICE College Accounting, Student Edition, 11e................39 ISBN-13: 978-0-07-319680-0 / MHID: 0-07-319680-0 [MH Australia Title] SPICELAND Intermediate Accounting, 4e....................................33 ISBN-13: 978-0-07-321400-9 / MHID: 0-07-321400-0 (Vol 1, Ch 1-12) ISBN-13: 978-0-07-293337-6 / MHID: 0-07-293337-2 (Vol 2, Ch 13-22) THIBODEAU Auditing After Sarbanes-Oxley.................................45 ISBN-13: 978-0-07-352669-0 / MHID: 0-07-352669-X ULMER Computer Accounting with Quickbooks 2006, 8e........................................................................... 30 ISBN-13: 978-0-07-313114-6 / MHID: 0-07-313114-8 ISBN-13: 978-0-07-313122-2 / MHID: 0-07-313112-1 YACHT ISBN-13: 978-0-07-310095-1 / MHID: 0-07-310095-1 PAUL Peach Blossom Cologne Company, 4e......................48 ISBN-13: 978-0-07-327112-5 / MHID: 0-07-327112-8 ISBN-13: 978-0-07-301121-9 / MHID: 0-07-301121-5 WILD Principles of Financial Accounting (Chapter 1-17) and Circuit City Annual Report, 18e........................19 New Zealand Financial Accounting, 3e................. ...20 ISBN-13: 978-0-07-471617-5 / MHID: 0-07-471617-4 Fundamental Accounting Principles, 18e...............11 ISBN-13: 978-0-07-327110-1 / MHID: 0-07-327110-1 WILD Fundamental Accounting Principles-Phase 1, 18e.....13 ISBN-13: 978-0-07-299653-1 / MHID: 0-07-299653-6 LOUWERS Auditing and Assurance Services, 2e........................44 SAMKIN ISBN-13: 978-0-07-310023-4 / MHID: 0-07-310023-4 WILD LIBBY Financial Accounting, 5e .........................................18 LUNDHOLM Equity Valuation and Analysis with Eval, 2e.............54 WILD Financial Statement Analysis, 9e..............................55 ISBN-13: 978-0-07-312752-1 / MHID: 0-07-312752-3 Computer Accounting Using Microsoft Small Business Manager ...................................................31 ISBN-13: 978-0-07-312972-3 / MHID: 0-07-312972-0 YACHT Computer Accounting with Peachtree Complete 2006, Release 13.0, 10e ..........................................31 ISBN-13: 978-0-07-313099-6 / MHID: 0-07-313099-0 2007-2008 NEW Accounting Titles 2008 New Titles YACHT Computer Accounting with Peachtree Complete 2007, Release 14.0, 11e...........................................29 ISBN-13: 978-0-07-352682-9 / MHID: 0-07-352682-7 BAKER Advanced Financial Accounting, 7e.........................41 ISBN-13: 978-0-07-352674-4 / MHID: 0-07-352674-6 BLOCHER Cost Management: A Strategic Emphasis, 4e............37 ISBN-13: 978-0-07-312815-3 / MHID: 0-07-312815-5 EDMONDS Fundamental Managerial Accounting Concepts, 4e ...........................................................24 ISBN-13: 978-0-07-352679-9 / MHID: 0-07-352679-7 GARRISON Managerial Accounting, 12e ...................................25 ISBN-13: 978-0-07-352670-6 / MHID: 0-07-352670-3 HILTON Managerial Accounting, 7e.......................................25 ISBN-13: 978-0-07-302285-7 / MHID: 0-07-302285-3 HOPWOOD Forensic Accounting.................................................61 ISBN-13: 978-0-07-352685-0 / MHID: 0-07-352685-1 HURT Accounting Information Systems..............................40 ISBN-13: 978-0-07-319555-1 / MHID: 0-07-319555-3 JONES Principles of Taxation for Business and Investment Planning, 2008 Edition, 11e ....................................49 ISBN-13: 978-0-07-340395-3 / MHID: 0-07-340395-4 MESSIER Advanced & Assurance Services, 5e.........................44 ISBN-13: 978-0-07-340394-6 / MHID: 0-07-340394-6 MINTZ Ethical Obligations and Decision-Making in Accounting: Text and Case.......................................61 ISBN-13: 978-0-07-340399-1 / MHID: 0-07-340399-7 ULMER Computer Accounting with Quickbooks 2007, 9e ............................................................................29 ISBN-13: 978-0-07-352683-6 / MHID: 0-07-352683-5 WHITTINGTON Principles of Auditing and Other Assurance Services, 16e............................................................44 ISBN-13: 978-0-07-352686-7 / MHID: 0-07-352686-X WILD Financial Accounting: Information for Decisions, 4e ............................................................................16 ISBN-13: 978-0-07-304375-3 / MHID: 0-07-304375-3 WILLIAMS Financial Accounting, 13e .......................................17 ISBN-13: 978-0-07-352681-2 / MHID: 0-07-352681-9 WILLIAMS Financial and Managerial Accounting, 14e...............6 ISBN-13: 978-0-07-299650-0 / MHID:0-07-299650-1 Accounting Accounting Principles International Edition New FINANCIAL AND MANAGERIAL ACCOUNTING 14th Edition By Jan Williams, University of Tennessee -Knoxville, Sue Haka, Michigan State University-East Lansing, Mark S Bettner, Bucknell University and Joseph V Carcello, University of Tennesse-Knoxville 2008 (September 2006) / 1216 pages ISBN-13: 978-0-07-299650-0 / MHID: 0-07-299650-1 ISBN-13: 978-0-07-110121-9 [IE] / MHID: 0-07-110121-7 [IE] Website: http://www.mhhe.com/williams_basis14e With the fourteenth edition of Financial and Managerial Accounting: The Basis for Business Decisions, the Williams author team carries on the tradition of being a solid foundation for students learning basic accounting concepts. Through the revision, the authors have further refined the financial accounting topics, while slightly expanding the managerial accounting material to provide even more balanced coverage. Hallmarks of the text—including the solid Accounting Cycle Presentation, relevant pedagogy, and high quality, end-of-chapter material—have all been updated and enhanced through the revision. A new design enhances the graphical elements of the text, while the integration of several boxed elements provides a more streamlined approach to chapter topics. New to this edition New coauthor Joe Carcello brings a focus on corporate governance to this new edition. Nearly 250 new exercises and problems. The focus on ethics in accounting has been enhanced, with new Ethics, Fraud & Corporate Management boxes in each chapter. New Brief Exercises—ten or more per chapter—provide a shorter, more concise exercise option to test basic concepts at the end of the chapter. Inclusion of Problem Set B in each chapter doubles the amount of problem material. An overall new design and revised graphics improve the illustration of key concepts. Selected excerpts from the 2005 Home Depot Financial Statements appear in the text appendix and are incorporated into end-of-chapter problem material. Students gain valuable practical experience reading and analyzing real-world financial statements. Two new Unstructured Cases in Chapter 5 address Sarbanes-Oxley (SOX) issues. (SOX is the most important development in accounting in recent years.) Previously supplemental topics have been incorporated into the text, including Other Depreciation Methods, Special Types of Liabilities, and a worksheet for Preparing a Statement of Cash Flows. The discussion has been streamlined by incorporating these and other boxed elements throughout the text. Incorporation of Management Strategy and Cash Effects into the text to streamline the discussion. Features Balanced Coverage. The 14th edition of Williams provides the most balanced coverage of financial and managerial topics on the market. The author team has revised and refined the presentation of traditional financial accounting topics—such as updating to reflect important changes made as a result of the Sarbanes/Oxley Act. Clear Accounting Cycle Presentation. In the first five chapters of Financial and Managerial Accounting, the authors present the Accounting Cycle in a clear, graphically interesting 4-step process. Central to this presentation is the dedication of three subsequent chapters to three key components of the cycle: recording, adjusting, and close entries. The Williams team places the easy-to-read margin notes explaining each equation used in particular journal entries. My Mentor provides a visual learning tool with interactive videos and self-tests; available online, this supplement provides interactive content for each chapter of the book. McGraw-Hill’s Homework Manager uses end-of-chapter material pulled directly from the textbook to create static and algorithmic questions that can be used for homework and practice tests. Boxed elements placed throughout the text present real-world situations and encourage students to put themselves in the role of the decision maker. Case-In-Point , Your Turn, and Ethics, Fraud & Corporate Governance boxes provide current, and engaging, topics for discussion in class. Students reference the 2005 Home Depot Financial Statements—included in the text as an appendix—to further hone problem-solving skills by evaluating real world financial data. Critical Thinking Cases and Problems in each chapter reference the Home Depot statements so students learn how to read real-world financial data. Managerial Chapter Coverage: The managerial chapters cover timely topics, such as Just In Time Systems and Total Quality Management in Chapter 19: Costing and the Value Chain, and DuPont performance evaluation system and Economic Value Added (EVA) concepts, and the Balanced Scorecard in Chapter 25: Rewarding Business Performance. Corporate Approach: The corporate approach begins in chapter 3 and is carried throughout the text. Business Week Cases: Only text with Business Week cases. This unique feature presents real-world scenarios that incorporate concepts from each chapter, selected by the authors from one of the world’s most recognized and respected business magazines, and a name students will recognize. Wide variety of End of Chapter materials: Summary of Learning Objectives, Key Terms, Demonstration Problems, Self-Test Questions, Discussion Questions, Exercises, Problems, Critical Thinking Cases and Problems, Business Week Assignments, and Internet Assignments. Icons in the EOC material denote problems involving: Excel Templates, ethical issues, group activities, and international issues. Students also work with journal entries and financial statements. Beyond general accounting skills, all of the above help develop communication skills, demonstrate the value of teamwork, and enhance critical thinking and students’ knowledge of technology. Comprehensive Problems provide students with THE BIG PICTURE: These problems, which occur every three to six chapters, challenge students by incorporating all of the skill sets they’ve learned in the previous chapters into one inclusive Case/Exercise. This distinctive feature, not found in most texts, allows students to identify their strengths and realize where they might need to brush up. Students may also find these very helpful while studying for exams. Contents Chapter 1: Accounting: Information for Decision Making Chapter 2: Basic Financial Statements Chapter 3: The Accounting Cycle: Capturing Economic Events Chapter 4: The Accounting Cycle: Accruals and Deferrals Chapter 5: The Accounting Cycle: Reporting Financial Results / Comprehensive Problem 1: Susquehanna Equipment Rentals / Chapter 6: Merchandising Activities Chapter 7: Financial Assets Chapter 8: Accounting Inventories and the Cost of Goods Sold / Comprehensive Problem 2: Guitar Universe, Inc./ Chapter 9: Plant and Intangible Assets Chapter 10: Liabilities Chapter 11: Stockholders’ Equity: Paid-in Capital / Comprehensive Problem 3: McMinn Retail, Inc. / Chapter 12: Income and Changes in Retained Earnings Chapter 13: Statement of Cash Flows Chapter 14: Financial Statement Analysis / Comprehensive Problem 4: Home Depot, Inc. / Chapter 15: Global Business and Accounting Chapter 16: Management Accounting: A Business Partner Chapter 17: Job Order Cost Systems and Overhead Allocations Chapter 18: Process Costing Chapter 19: Costing and the Value Chain Chapter 20: Cost-Volume-Profit Analysis Chapter 21: Incremental Analysis / Comprehensive Problem 5: The Gilster Company / Chapter 22: Responsibility Accounting and Transfer Pricing Chapter 23: Operational Budgeting Chapter 24: Standard Cost Systems Chapter 25: Rewarding Business Performance / Comprehensive Problem 6: Utease Corporation / Chapter 26: Capital Budgeting/ Appendix A: 2005 Home Depot Financial Statements Appendix B: The Time Value of Money: Future Amounts and Present Values Appendix C: Forms of Business Organization International Edition New INTRODUCTION TO ACCOUNTING An Integrated Approach, 4th Edition By Penne Ainsworth, University of Wyoming — Laramie and Dan Deines, Kansas State University 2007 (November 2005) / 672 pages ISBN-13: 978-0-07-352666-9 / MHID: 0-07-352666-5 ISBN-13: 978-0-07-110624-5 [IE] / MHID: 0-07-110624-3 [IE] Website: http://www.mhhe.com/ainsworth4e This textbook integrates financial and managerial accounting as opposed to keeping these areas separate, the approach followed by most books and curriculums. By “integration”, we mean the authors focus on the business process and examine the activities from both an external, financial reporting perspective and an internal, management decision-making perspective. The text incorporates real world applications, including actual financial statements, to reinforce the relevance of topics to real business situations and promote student interest. The text also promotes active learning through Enhance Your Understanding “probing” questions placed sporadically throughout many chapters, Of Interest boxes that provide additional information relating to the chapter concepts, new Fast Fact boxes that provide additional information related to chapter concepts in a short, trivia-like manner, and end-of-chapter group exercises. There are three key distinctions to the Ainsworth/Deines approach. They are: 1. Integration—described in preceding paragraph. 2. Within the context of business processes, Ainsworth/Deines is organized by planning for activities, performing those activities (in other words, capturing them in the financial statements), and finally, evaluating those business activities. 3. An organization around the Statement of Cash Flows first focusing on Operating Activities (what is my business, my product, who are my customers?) and then Financing and Investing Activities (how do I fund my business, how do I expand, what are the financial risks, etc?). NEW TO THIS EDITION New Annual Report: Apple Computers Features Chapter Beacons: Map out where each chapter fits into each cycle Continuation of a Shorter Presentation: 20 chapters in 4e, consolidating the presentation so that the material can be effectively covered in an introductory course/sequence. In depth financial statement coverage early in the text as well as introducing ratios in chapter 1. Fast Fact Boxes: This pedagogical tool is integrated throughout many chapters. In teaching Principles of Accounting, the authors have found that students enjoy trivia-type bits of information. Fast fact boxes are found throughout the text and tie chapter concepts to pieces of trivia. Integration of financial and managerial accounting: Introduction to Accounting: An Integrated Approach, 4/e, consistently emphasizes business processes and analyzes activities from both an external (financial reporting) and an internal (managerial decision making) perspective. Financial and managerial accounting are subsystems of the same accounting information system and while these subsystems serve different user groups, both are equally important. The approach taken to accounting is a business process perspective—Within the operating, financing, and investing parts of the text, the authors discuss business processes according to the logical way businesses function. Businesses first plan activities, then they perform those activities, and finally they evaluate the results of those activities. Within this framework, the performance phase is when information is captured and recorded in the financial accounting system. This approach allows students to understand that accounting is a vital link between business processes and business decisions in a complex environment. Strong incorporation of real world applications to reinforce the relevance of the topics and enhance student interest. The authors use real financial statements as examples throughout the text. The Apple annual report is referenced throughout the text to tie content together. Active Learning is incorporated into the text to help students retain knowledge and keep them interested. “Enhance Your Understanding” questions are in included in many chapters. These can be used to initiate class discussion and challenge students to consider what they have learned by solving each question. CONTENTS Part One Introduction: Business Operating Activities Chapter 1: Accounting and Business Chapter 2: Business Processes and Accounting Information Chapter 3: Operating Processes: Planning and Control Part Two Planning: Operating Activities Chapter 4: Short-term Decision Making Chapter 5: Strategic Planning Regarding Operating Processes Chapter 6: Planning, the Balanced Scorecard, and Budgeting Part Three Recording and Evaluating: Operating Activities Chapter 7: Accounting Information Systems Chapter 8: Purchasing/Human Resources/Payment Process: Recording and Evaluating Expenditure Process Activities Chapter 9: Recording and Evaluating Conversion Process Activities Chapter 10: Marketing/Sales/Collection/Customer Support Process: Recording and Evaluating Revenue Process Activities Part Four Introduction: Capital Resource Process Activities Chapter 11: Time Value of Money Part Five Planning: Capital Resource Process Activities Chapter 12: Planning Investments: Capital Budgeting Chapter 13: Planning Equity Financing Chapter 14: Planning Debt Financing Part Six Recording and Evaluating Capital Resource Process Activities Chapter 15: Recording and Evaluating Capital Resource Process Activities: Financing Chapter 16: Recording and Evaluating Capital Resource Process Activities: Investing Part Seven Evaluating: Operating and Capital Resource Processes Chapter 17: Company Performance: Profitability Chapter 18: Company Performance: Owners’ Equity and Financial Position Chapter 19: Company Performance: Cash Flows Chapter 20: Company Performance: Comprehensive Evaluation / Appendix: Apple’s Annual Report / Index Accounting International Edition New FUNDAMENTAL FINANCIAL AND MANAGERIAL ACCOUNTING CONCEPTS WITH H-D ANNUAL REPORT By Thomas P. Edmonds, Cindy Edmonds and Bor-Yi Tsay of University of Alabama-Birmingham and Philip R. Olds, Virginia Commonwealth University and Frances M McNair, Mississippi State University 2007 (December 2005) ISBN-13: 978-0-07-322293-6 / MHID: 0-07-322293-3 ISBN-13: 978-0-07-110769-3 [IE] / MHID: 0-07-110769-X [IE] Website: http://www.mhhe.com/edmonds/concepts Students are often overwhelmed by the amount of information presented in the introductory financial accounting course. Fundamental Financial and Managerial Accounting Concepts gives students the big picture, by focusing on fundamental concepts in a logical sequence. The authors intentionally limit the scope of the material to help students build a solid foundation of the most important concepts. As a result, students are able to fully comprehend the material rather than memorize seemingly unrelated terms and topics. In the Financial portion the “horizontal financial statements model” enables students to understand how any given business event affects the financial statements. This highly praised feature allows students to visualize the simultaneous impact of business events on all of the key financial statements (the income statement, the balance sheet, and the statement of cash flows). The mechanics of accounting coverage (debits and credits) is delayed until chapter 3 allowing instructors the flexibility in the amount of emphasis they want to place on this topic. Features Focus on Concepts—The text truly focuses on the fundamentals of principles of accounting. By not going into needless detail or covering too many advanced topics. Edmonds facilitates learning by isolating concepts and presenting them in a logical sequence. Avoiding excessive detail reduces length, helps students stay focused, and enables professors to more easily move through all the topics they want to cover. The Horizontal Financial Statements Model helps students visualize the simultaneous impact of business events on all of the key financial statements (the income statement, the balance sheet, and the statement of cash flows). This pedagogical tool is a unique, distinguishing feature of the Edmonds texts. Financial Statement Effects are demonstrated over Multiple Accounting Cycles—Called a Vertical Statements Model. Typically, financial accounting texts focus on just one accounting cycle at a time. Edmonds presents the key financial statements in a way that demonstrates the impact of related events over multiple accounting cycles. This shows students the impact of business decisions over time. Managers of companies rarely make important decisions based on only one accounting cycle. Integrated Coverage of the Statement of Cash Flows—Coverage of the statement of cash flows begins in the first financial chapter and continues throughout all remaining financial chapters. Students first analyze the cash account. With the cash account as the data source, preparing a statement of cash flows is simply a matter of learning how to classify events as operating, investing, or financing activities. More complicated topics, such as the indirect method and a T-account approach for the conversion of accruals to cash, are covered in the latter part of the financial section. This approach makes this challenging topic more digestible for students. and credits, journal entries, T-accounts, and other technical recording procedures. However, a significant number of problems and exercises focus exclusively on how business events affect financial statements. There is also an adequate supply of writing exercises and cases that involve analysis of information for a more “user” orientation to the course. These options allow instructors the flexibility to emphasize what they want in their course. Students learn to classify Business Transactions into 4 Logical Categories—1. An Asset source, 2. An Asset use, 3. An Asset exchange, or 4. A Claims Exchange. This approach encourages students to think about the effects of events rather than memorize the recording procedures. Managerial chapters of the text focus on decision making. Chapter 14 focuses on how product costing affects financing availability, management motivation, and income tax considerations. Chapter 15 demonstrates how cost behavior affects profitability through operating leverage. Chapter 22 emphasizes interpreting variances as well as computing them. As the U.S. economy shifts from a manufacturing emphasis to a service based economy, accounting education must shift its emphasis as well. The managerial chapters of the text provide the appropriate emphasis on the service sector. Chapter 21 uses a retail company as opposed to a manufacturing company to teach budgeting concepts. This service setting provides a simpler teaching platform and is more relevant to today’s economic realities. End-of-chapter material includes an “Analyze, Communicate, Think,” section (ACT). Problems in this section feature a strong critical-thinking component and provide good opportunities for writing and group assignments. ACT also contains Annual Report Problems, Financial Ratio Problems (using real data from actual companies), Writing Assignments, Ethical Dilemmas, EDGAR Cases, and Working With Excel and Mastering Excel problems. This gives professors great variety from which to choose when building assignments, and provides a good outlet for those who want to include more conceptual/decision-making work in the course. Working With Excel and Mastering Excel problems require students to create their own spreadsheets from scratch using information from the text. Screen captures and spreadsheet tips will be provided on the text website to assist students. Real-world focus in the end-of-chapter material and examples throughout the chapter livens up the presentation for the student and builds a connection between the theory, and what is practiced in the business world. . 1.”Reality Bytes” boxes offer more examples of accounting in practice. . 2.”Curious Accountant” openers pose a question regarding a real world accounting issue. . 3.”Focus on International Issues” boxes present interesting issues that impact countries around the world, not just the U.S. A Look Back/A Look Forward—ends each chapter with a summary of the main points, and a preview of the next chapter with an emphasis on how they are related. This underscores the stepwise, logical organization of the book and helps students understand how everything connects. “Check Yourself” encourages students to stop and confirm that they have understood the material presented up to that point. Separate but Inclusive Coverage of Debits/Credits—Recording procedures, including debits and credits, are delayed until Ch. 3. Delaying debits/credits allows students to first grasp the big picture relationships associated with articulating financial statements. In every chapter there are ample end-of-chapter problems that require the use of debits Self-Study Review Problem at the end of each chapter provides students with a representative problem from the chapter, and includes a detailed solution. This enables students to reinforce problem solving skills before trying their end-of-chapter assignments. Topic Tackler Plus— Text specific, Topic Tackler Plus reinforces the two most difficult concepts in each chapter by integrating video clips, PowerPoint slides, interactive exercises, and a self-test into a guided study session for the student. Icons in the margins of the text highlight the concepts covered in Topic Tackler Plus. The navigation is incredibly simple and no installation is necessary. Also on the DVD are Videos for each chapter as well as audio-narrated PowerPoint slides walking students through the self-review study problem in each chapter of the text. Accounting EOC Problems designated for use with Carol Yacht’s General Ledger & Peachtree Complete 2005 CD. This software package includes both an easy to use general ledger software tool and a real-world accounting package on one CD. Logos in the text highlight selected end-of-chapter problems where both the general ledger software and Peachtree Complete 2005 are available to help students work through the problem. Some students will go on to learn computerized software in Computer Accounting, but for those whose only Accounting course is Principles of Accounting, this provides exposure to a real accounting software program used in business. Contents Chapter 1 Elements of Financial Statements Chapter 2 Understanding the Accounting Cycle Chapter 3 The Double-Entry Accounting System Chapter 4 The Double-Entry Accounting System Chapter 5 Accounting for Inventories Chapter 6 Internal Control and Accounting for Cash Chapter 7 Accounting for Receivables Chapter 8 Accounting for LongTerm Operational Assets Chapter 9 Accounting for Current Liabilities and Payroll Chapter 10 Accounting for Long-Term Notes Payable and Bond Liabilities Chapter 11 Proprietorships, Partnerships, and Corporations Chapter 12 Statement of Cash Flows Chapter 13 Financial Statement Analysis Chapter 14 Management Accounting: A Value-Added Approach Chapter 15 Cost Behavior, Operating Leverage, and Profitability Analysis Chapter 16 Cost Accumulation, Tracing, and Allocation Chapter 17 Product Costing in Service and Manufacturing Companies Chapter 18 Job-Order, Process, and Hybrid Cost Systems Chapter 19 Analysis of Cost, Volume, and Pricing to Increase Profitability Chapter 20 Relevant Information for Special Decisions Chapter 21 Planning for Profit and Cost Control Chapter 22 Performance Evaluation Chapter 23 Responsibility Accounting Chapter 24 Planning for Capital Investment / Appendix A Accessing the EDGAR Database through the Internet / Appendix B Topps Annual Report for 2003 / Index New New FINANCIAL AND MANAGERIAL ACCOUNTING 2nd Edition By John J Wild, University of Wisconsin-Madison and Barbara Chiappetta, Nassau County Community College 2007 (July 2006) ISBN-13: 978-0-07-327111-8 / MHID: 0-07-327111-X (with BB/Financial Statements, Mandatory Package) ISBN-13: 978-0-07-328665-5 / MHID: 0-07-328665-6 (Chapter 1-13 with Working Papers and Circuit City Annual Report) ISBN-13: 978-0-07-328666-2 / MHID: 0-07-328666-4 (Chapter 13-24, with Working Papers and Circuit City Annual Report) Website: http://www.mhhe.com/wildfinman2e Wild’s Financial and Managerial Accounting responds to the market’s request for a single book with balanced financial and managerial content (~50/50) that has a corporate approach throughout. With numerous innovative features, the authors focus on “Three C’s”: •Clear presentation of accounting concepts,•Concise coverage to help students focus on important material, and•Cutting edge technology to engage students and improve their chances for success. The authors provide a balance of small and large business examples, integration of new computerized learning tools, superior end-of-chapter materials, and highly engaging pedagogical learning structures. Technology tools such as McGraw-Hill’s Homework Manager and Carol Yacht’s General Ledger and Peachtree software provides students with further advantages as they learn and apply key accounting concepts and methods. New to this edition ACCOUNTING: A Framework for Decision Making 2nd Edition By Beverley Jackling, Jean Raar, Roy Wigg, Brian Williams and Graeme Wines 2007 (May 2007) ISBN-13: 978-0-07-471705-9 / MHID: 0-07-471705-7 McGraw-Hill Australia Title (Details unavailable at press time) COMPLIMENTARY COPIES Complimentary desk copies are available for course adoption only. Kindly contact your local McGraw-Hill Representative or fax the Examination Copy Request Form available on the back pages of this catalog. Visit McGraw-Hill Education Website: www.mheducation.com New Feature Company: Students are provided relevant, real-world companies as a resource tool and motivating force in learning accounting. Best Buy is the new feature company, which means that each chapter has selected assignments that require student to use, analyze, or interpret its accounting data. New Comparative Companies: For comparative purposes with Best Buy, students are provided the financial statements of Circuit City. Assignments are included that ask students to compare and interpret Best Buy and Circuit City data. Dixons, a primarily European (United Kingdom) company, serves as a global comparison for Best Buy and Circuit City. Circuit City’s 2005 Annual Report is packaged in-full with the text as another learning aid, and selected 2005 financial data for all three companies is included in end-of-book Appendix A. Each of these companies is integrated into the end-of-chapter material. Finally, Apple Computer’s financial statements are also included along assignments for each chapter. Apple provides an interesting setting with some appealing products such as iPods and iTunes. New Opener Companies: Each chapter of the book opens with the manager(s) of a company that applies accounting data for its business decisions. These companies are specifically chosen as motivating forces for students in that they typically reflect hip, innovative, and entertaining entrepreneurs that have successfully applied accounting data to aid in their success. Assignments are included for each chapter that ask students to further expand and apply the accounting methods of that chapter to these feature companies. New and Updated Assignments: All assignments for each chapter are new, revised, and/or updated. Assignments reflect new accounting pronouncements and business developments in practice. Updated for New Standards: Materials are updated to reflect new accounting standards that are applicable to the introductory course. Examples include the new requirements for reporting effects of changes in accounting principles, the accounting for asset exchanges, and the reporting of accounting changes. Accounting New Multiple Choice Quiz: A new multiple choice quiz is included at the end of each chapter to check students on their comprehension of the materials read. This quiz is in addition to Quiz A and Quiz B, which continue to be provided on the book’s Website. Beyond the Numbers is a special set of assignment materials that reinforce critical thinking skills and decision making with real company examples and Internet applications. There are up to ten types of these assignments in each chapter, including: New and Revised Exhibits: The exhibits throughout the book have been updated and revised as necessary to reflect recent data and developments in practice. o Reporting in Action requires analysis and use of Best Buy’s accounting data. The unique FastForward feature allows use of the most current Best Buy information in the marketplace. Updated Marginal Annotations: Marginal annotations have been updated to include new data when applicable. o Comparative Analysis compares the performance of Best Buy and Circuit City. These activities help develop analytical and evaluation skills. Revised Decision Insights: Most Decision Insight boxes are new and reflect recent developments in the business world that are relevant to accounting practice. New or Updated Decision Analysis: The Decision Analysis section at the end of each chapter has been updated to include new or revised company information, analysis, and interpretation. New industry and comparative data are provided where applicable. Revised Beyond the Numbers Assignments: Most of the Beyond the Numbers assignments are revised to reflect more current financial statements and reports, recent articles from the financial press such as BusinessWeek, and other current developments in practice. The Decision Center provides students with a framework throughout the text that reinforces the relevance of accounting information to make business decisions. The following pedagogical tools reinforce the Decision Center framework: o Decision Feature vignettes open each chapter. All chapter openers use a real world, entrepreneurial company. The entrepreneurial flavor is unique to this textbook – providing additional motivation and interest to students. o Decision Maker feature develops critical thinking and decision-making skills by requiring business decisions using accounting information. Each chapter contains two to four of these features. They are purposely chosen to reflect different kinds of users. Examples include investors, cost managers, controllers, consultants, programmers, financial planners, analysts, and creditors. Guidance answers are provided at the end of each chapter. o Decision Ethics feature requires readers to make accounting and business decisions with ethical consequences. It uses role-playing to show the interaction of judgment and ethics, the need for ethical awareness, and the impact of ethics. Guidance answers are provided at the end of each chapter. o Decision Insight feature highlights interesting and current items from practice that are relevant for accounting. This element helps students link accounting directly to business activities. o Decision Analysis section concludes each chapter and emphasizes critical thinking and decision-making skills. Each section introduces one or more tools (ratios) of analysis. It typically applies these tools to actual companies and evaluates the findings. This section often compares (benchmarks) the performance of a company or its division with its competitors. Features Entrepreneurial Openers and Follow-Up Assignments: Each chapter is launched with a Decision Feature that introduces an engaging entrepreneurial scenario that shows the relevance of accounting to business. These openers are motivating for students and, accordingly, helpful in teaching and learning accounting. Each chapter returns to the Decision Feature that launches the chapter with an end-of-chapter assignment, titled Entrepreneurial Decision. This assignment applies one or more learning objectives of the chapter to the entrepreneurial business in the opener. End-of-Chapter Materials: • Demonstration Problems • Chapter Summaries • Key Terms • Multiple Choice Quizzes • Quick Study assignments • Exercises • Problem Sets A & B (Problem Set C available on text’s web site) • Serial Problems • Beyond the Numbers Marginal Annotations: Marginal annotations reference the relevance of accounting in today’s world. These annotations include student hints to better understand the finer points of accounting. 10 o Ethics Challenge confronts ethical concerns based on chapter material. Many of these challenges involve actions where the ethical path is blurred. o Communicating in Practice exercises aim at applying accounting knowledge to develop written and verbal communication skills in business. o Taking It to the Net requires accessing a Website and obtaining information relevant to the chapter. It aims to make readers familiar with online information and aware of the power of Web technology. o Teamwork in Action assignments require preparing, analyzing, and using information in teams. They can be completed in or outside of class. These active learning activities reinforce understanding of key topics and help develop interpersonal skills. o BusinessWeek Activity requires the reader to apply the chapter’s material to read and interpret a BusinessWeek article. It also aids in developing reading comprehension skills and gives exposure to real business happenings. BusinessWeek articles are available in full (and for free) on the Student Edition of the OLC. o Entrepreneurial Decision requires readers to apply chapter content and to use accounting information in making business decisions in an entrepreneurial setting. Each assignment is applied to the entrepreneurial setting from the chapter-opening feature. o Hitting the Road activities require readers to work outside of the book and often apply interpersonal and communication skills. Tasks range from visits to local merchandisers and phone interviews to critical observations of actual business activities. These assignments help readers understand and appreciate the relevance of accounting. o Global Decisions require analysis and evaluation of accounting information from the international company Dixons, a global competitor to Best Buy and Circuit City. CAP Learning Objectives Model categorizes and color-codes learning objectives based on whether they are Conceptual, Analytical, or Procedural. This model helps instructors select and execute a focus for their course—it also highlights that accounting is more than simply procedures. The CAP objectives link text material to the assignments along with additional links to the Test Bank, Solutions Manual, and the Instructor’s Resource Manual. Chapter Linkages (A Look Back, A Look at this Chapter, A Look Ahead) launch each chapter and establish bridges between prior, current, and upcoming chapters. This organizational tool assists readers in effectively learning the materials and helps them link concepts across topics. Financial Statements of familiar companies are used to acquaint readers with the format, content, and use of accounting information. In addition, the financial statements of Best Buy and Apple are reproduced in the text, and the Circuit City financial statement is packaged with the text. Quick Check boxes within each chapter reinforce the immediately preceding materials. They allow the reader to momentarily pause and reflect on topics described. They give immediate feedback on the reader’s comprehension before moving along to new topics. Answers are provided at the end of each chapter. Accounting Comprehensive and Serial Problems are included in several chapters and focus on multiple learning objectives from multiple chapters. They integrate and summarize key principles. They can also act as brief practice sets incorporating real world scenarios and technology. Contents 1 Introducing Accounting in Business 2 Analyzing and Recording Transactions 3 Adjusting Accounts and Preparing Financial Statements 4 Accounting for Merchandising Operations 5 Inventories and Cost of Sales 6 Cash and Internal Controls 7 Accounts and Notes Receivable 8 Long-Term Assets 9 Current Liabilities 10 Long-Term Liabilities 11 Corporate Reporting and Analysis 12 Reporting and Analyzing Cash Flows 13 Analyzing Financial Statements 14 Managerial Accounting Concepts and Principles 5 Job Order Costing and Analysis 16 Process Costing and Analysis 17 Activity-Based Costing and Analysis 18 Cost Behavior and Cost-Volume-Profit Analysis 19 Variable Costing and Performance Reporting 20 Master Budgets and Performance Planning 21 Flexible Budgets and Standard Costing 22 Decentralization and Performance Evaluation 23 Relevant Costing for Managerial Decisions 24 Capital Budgeting and Investment Analysis A Financial Statement Information B Applying Present and Future Values C Investments and International Operations D* Accounting for Partnerships E* Accounting with Special Journals*Appendixes D & E are available as PDF files from the Website or as print copy from a representative. International Edition New FUNDAMENTAL ACCOUNTING PRINCIPLES 18th Edition John J Wild, University of Wisconsin-Madison, Kermit D Larson, University of Texas at Austin and Barbara Chiappetta, Nassau County Community College 2007 (June 2006) ISBN-13: 978-0-07-327110-1 / MHID: 0-07-327110-1 (Chapter 1-25 with Circuit City Annual Report) ISBN-13: 978-0-07-110343-5 / MHID: 0-07-110343-0 [IE, Chapter 1-25 with Circuit City Annual Report] ISBN-13: 978-0-07-328661-7 / MHID: 0-07-328661-3 (Chapter 1-12 with Circuit Annual City Annual Report) ISBN-13: 978-0-07-328662-4 / MHID: 0-07-328662-1 (Chapter 12-25 with Circuit Annual City Annual Report) With 50 years of success in the principles of accounting market, Fundamental Accounting Principles, 18e by Wild, Larson and Chiappetta has endured and adapted to changes in accounting, technology, and student learning styles. Its innovation is reflected in its extensive use of small business examples, the integration of new computerized learning tools, superior endof-chapter material, and a highly engaging, pedagogical design. Inclusion of Homework Manager, Homework Mananger Plus and Carol Yacht’s General Ledger and Peachtree application software provides students every advantage as they strive to understand the key concepts of accounting and their role in business. New to this edition Entrepreneurial Openers and Assignments: Each chapter is launched with a Decision Feature that introduces an engaging entrepreneurial scenario that shows the relevance of accounting to business. These openers are motivating for students and, accordingly, helpful in teaching and learning accounting. Each chapter returns to the Decision Feature that launches the chapter with an end-of-chapter assignment, titled Entrepreneurial Decision. This assignment applies one or more learning objectives of the chapter to that entrepreneurial business. New Feature Company: Students are provided relevant, real-world companies as a resource tool and motivating force in learning accounting. Best Buy is the new feature company, which means that each chapter has selected assignments that require student to use, analyze, or interpret its accounting data. New Comparative Companies: For comparative purposes with Best Buy, students are provided the financial statements of Circuit City. Assignments are included that ask students to compare and interpret Best Buy and Circuit City data. Dixons, a primarily European (United Kingdom) company, serves as a global comparison for Best Buy and Circuit City. Circuit City’s 2005 Annual Report is packaged in-full with the text as another learning aid, and selected 2005 financial data for all three companies are included in end-of-book Appendix A. Each of these companies is integrated into the end-of-chapter material. Finally, Apple Computer’s financial statements are also included with assignments for each chapter. Apple provides an interesting setting with some appealing products such as iPods and iTunes. New Opener Companies: Each chapter of the book opens with the manager(s) of a company that applies accounting data for its business decisions. These companies are specifically chosen as motivating forces for students in that they typically reflect hip, innovative, and entertaining entrepreneurs that have successfully applied accounting data to aid in their success. Assignments are included for each chapter that ask students to further expand and apply the accounting methods of that chapter to these feature companies. New and Updated Assignments: All assignments for each chapter are new, revised, and/or updated. Assignments reflect new accounting pronouncements and business developments in practice. Updated for New Standards: Materials are updated to reflect new accounting standards that are applicable to the introductory course. Examples include the new requirements for reporting effects of changes in accounting principles, the accounting for asset exchanges, and the classifications for accounting changes. New Multiple Choice Quizzes: A new multiple choice quiz is included at the end of each chapter to check students on their comprehension of the materials read. This quiz is in addition to Quiz A and Quiz B, which continue to be provided on the book’s Website. New and Revised Exhibits: The exhibits throughout the book have been updated and revised as necessary to reflect recent data and developments in practice. Updated Marginal Annotations: Marginal annotations have been updated to include new data when applicable. Revised Decision Insights: Most Decision Insight boxes are new and reflect recent developments in the business world that are relevant to accounting practice. New or Updated Decision Analysis: The Decision Analysis section at the end of each chapter has been updated to include new or revised company information, analysis, and interpretation. New industry and comparative data are provided where applicable. Revised Beyond the Numbers Assignments: Beyond the Numbers assignments are revised as necessary to reflect more current financial statements and reports, recent articles from the financial press such as BusinessWeek, and other current developments in practice. Features Expanded Assignment Materials: Assignment materials are expanded for purposes of engaging students and demonstrating the relevance of accounting in business. For example, many assignments integrate start-up companies, draw on Web applications, require communication and decision-making skills, and benchmark accounting analysis through comparative tests. Marginal Annotations: Marginal annotations reference the relevance of accounting in today’s world. These annotations include student hints to better understand the finer points of accounting. The Decision Center provides students with a framework throughout the text that reinforces the relevance of accounting information to make business decisions. The following pedagogical tools reinforce the Decision Center framework: 11 Accounting o Decision Feature vignettes open each chapter. All chapter openers use a real world, entrepreneurial company. The entrepreneurial flavor is unique to this textbook – providing additional student motivation and interest. o Decision Maker feature develops critical thinking and decision-making skills by requiring business decisions using accounting information. Each chapter contains two to four of these features. They are purposely chosen to reflect different kinds of users. Examples include investors, cost managers, controllers, consultants, programmers, financial planners, analysts, and creditors. Guidance answers are provided at the end of each chapter. o Decision Ethics feature requires readers to make accounting and business decisions with ethical consequences. It uses role-playing to show the interaction of judgment and ethics, the need for ethical awareness, and the impact of ethics. Guidance answers are provided at the end of each chapter. o Decision Insight feature highlights interesting and current items from practice that are relevant for accounting. This element helps students link accounting directly to business activities. o Decision Analysis section concludes each chapter and emphasizes critical thinking and decision-making skills. Each section introduces one or more tools (ratios) of analysis. It typically applies these tools to actual companies and evaluates the findings. This section often compares (benchmarks) the performance of a company or its division with its competitors. Beyond the Numbers is a special set of assignment materials that reinforce critical thinking skills and decision making with real company examples and Internet applications. There are up to ten types of these assignments in each chapter, including: o Reporting in Action requires analysis and use of Best Buy’s accounting data. The unique FastForward feature allows use of the most current Best Buy information in the marketplace. o Comparative Analysis compares the performance of Best Buy and Circuit City. These activities help develop analytical and evaluation skills. o Ethics Challenge confronts ethical concerns based on chapter material. Many of these challenges involve actions where the ethical path is blurred. o Communicating in Practice exercises aim at applying accounting knowledge to develop written and verbal communication skills in business. o Taking It to the Net requires accessing a Website and obtaining information relevant to the chapter. It aims to make readers familiar with online information and aware of the power of Web technology. o Teamwork in Action assignments require preparing, analyzing, and using information in teams. They can be completed in or outside of class. These active learning activities reinforce understanding of key topics and help develop interpersonal skills. o BusinessWeek Activity requires the reader to apply the chapter’s material to read and interpret a BusinessWeek article. It also aids in developing reading comprehension skills and gives exposure to real business happenings. BusinessWeek articles are available in full (and for free) on the Student Edition of the OLC. o Entrepreneurial Decision requires readers to apply chapter content and to use accounting information in making business decisions in an entrepreneurial setting. Each assignment is applied to the entrepreneurial setting from the chapter-opening feature. o Hitting the Road activities require readers to work outside of the book and often apply interpersonal and communication skills. Tasks range from visits to local merchandisers and phone interviews to critical observations of actual business activities. These assignments help readers understand and appreciate the relevance of accounting. 12 o Global Decisions require analysis and evaluation of accounting information from the international company Dixons, a global competitor to Best Buy and Circuit City. CAP Learning Objectives Model categorizes and color-codes learning objectives based on whether they are Conceptual, Analytical, or Procedural. This model helps instructors select and execute a focus for their course—it also highlights that accounting is more than simply procedures. The CAP objectives link text material to the assignments along with additional links to the Test Bank, Solutions Manual, and the Instructor’s Resource Manual. Chapter Linkages (A Look Back, A Look at this Chapter, A Look Ahead) launch each chapter and establish bridges between prior, current, and upcoming chapters. This organizational tool assists readers in effectively learning the materials and helps them link concepts across topics. Financial Statements of familiar companies are used to acquaint readers with the format, content, and use of accounting information. The financial statements of Best Buy, Circuit City, and Apple are reproduced in the text, and the entire Circuit City financial statement is packaged with the text. Entrepreneurial Openers and Follow-Up Assignments: Each chapter is launched with a Decision Feature that introduces an engaging entrepreneurial scenario that shows the relevance of accounting to business. These openers are motivating for students and, accordingly, helpful in teaching and learning accounting. Each chapter returns to the Decision Feature that launches the chapter with an end-of-chapter assignment, titled Entrepreneurial Decision. End-of-Chapter Materials: o Demonstration Problems o Chapter Summaries o Key Terms o Multiple Choice Quizzes o Quick Study assignments o Exercises o Problem Sets A & B (Problem Set C available on text’s Website) o Serial (and Comprehensive) Problems o Beyond the Numbers (see details above) Quick Check boxes within each chapter reinforce the immediately preceding materials. They allow the reader to momentarily pause and reflect on topics described. They give immediate feedback on the reader’s comprehension before moving along to new topics. Answers are provided at the end of each chapter. Comprehensive and Serial Problems are included in several chapters and focus on multiple learning objectives from multiple chapters. They integrate and summarize key principles. They can also act as brief practice sets incorporating real world scenarios and technology. Integration of the Dallas Distance Learning program. Clips from the Dallas County Community County District videos are available to students on the Online Learning Center. Clips correspond to chapter material, with two segments per chapter appearing on the OLC. Contents 1. Accounting in Business 2. Analyzing and Recording Transactions 3. Adjusting Accounts and Preparing Financial Statements 4. Completing the Accounting Cycle 5. Accounting for Merchandising Operations 6. Inventories and Cost of Sales 7. Accounting Information Systems 8. Cash and Internal Controls 9. Accounting for Receivables 10. Plant Assets, Natural Resources, and Intangibles 11. Current Liabilities and Payroll Accounting 12. Accounting for Partnerships 13. Accounting for Corporations 14. Long-Term Liabilities 15. Investments and International Operations 16. Reporting the Statement of Cash Flows 17. Analysis of Financial Statements 18. Managerial Accounting Concepts and Principles 19. Job Order Cost Accounting 20. Process Cost Accounting 21. Cost Allocation and Performance Measurement 22. Cost-Volume-Profit Analysis 23. Master Budgets and Planning 24. Flexible Budgets and Standard Costs 25. Capital Budgeting and Managerial Decisions Accounting Updated for New Standards: Materials are updated to reflect new accounting standards that are applicable to the introductory course. Examples include the new requirements for reporting effects of changes in accounting principles, the accounting for asset exchanges, and the classifications for accounting changes. fundamental accounting principles-phase 1 18th Edition New Multiple Choice Quizzes: A new multiple choice quiz is included at the end of each chapter to check students on their comprehension of the materials read. This quiz is in addition to Quiz A and Quiz B, which continue to be provided on the book’s Website. International Edition New By, John Wild, University of Wisconsin-Madison, Kermit Larson and Barbara Chiapetta, Nassau County Community College 2007 (May 2006) / 1132 pages ISBN-13: 978-0-07-299653-1 / MHID: 0-07-299653-6 ISBN-13: 978-0-07-327110-1 / MHID: 0-07-327110-1 (Chapter 1-25 and Circuit City Annual Report) ISBN-13: 978-0-07-110343-5 / MHID: 0-07-110343-0 [IE, Chapter 1-25 and Circuit City Annual Report] Website: http://www.mhhe.com/wildfap18e With 50 years of success in the principles of accounting market, Fundamental Accounting Principles, 18e by Wild, Larson and Chiappetta has endured and adapted to changes in accounting, technology, and student learning styles. Its innovation is reflected in its extensive use of small business examples, the integration of new computerized learning tools, superior endof-chapter material, and a highly engaging, pedagogical design. Inclusion of Homework Manager, Homework Mananger Plus and Carol Yacht’s General Ledger and Peachtree application software provides students every advantage as they strive to understand the key concepts of accounting and their role in business. New to this edition Entrepreneurial Openers and Assignments: Each chapter is launched with a Decision Feature that introduces an engaging entrepreneurial scenario that shows the relevance of accounting to business. These openers are motivating for students and, accordingly, helpful in teaching and learning accounting. Each chapter returns to the Decision Feature that launches the chapter with an end-of-chapter assignment, titled Entrepreneurial Decision. This assignment applies one or more learning objectives of the chapter to that entrepreneurial business. New Feature Company: Students are provided relevant, real-world companies as a resource tool and motivating force in learning accounting. Best Buy is the new feature company, which means that each chapter has selected assignments that require student to use, analyze, or interpret its accounting data. New Comparative Companies: For comparative purposes with Best Buy, students are provided the financial statements of Circuit City. Assignments are included that ask students to compare and interpret Best Buy and Circuit City data. Dixons, a primarily European (United Kingdom) company, serves as a global comparison for Best Buy and Circuit City. Circuit City’s 2005 Annual Report is packaged in-full with the text as another learning aid, and selected 2005 financial data for all three companies are included in end-of-book Appendix A. Each of these companies is integrated into the end-of-chapter material. Finally, Apple Computer’s financial statements are also included with assignments for each chapter. Apple provides an interesting setting with some appealing products such as iPods and iTunes. New Opener Companies: Each chapter of the book opens with the manager(s) of a company that applies accounting data for its business decisions. These companies are specifically chosen as motivating forces for students in that they typically reflect hip, innovative, and entertaining entrepreneurs that have successfully applied accounting data to aid in their success. Assignments are included for each chapter that ask students to further expand and apply the accounting methods of that chapter to these feature companies. New and Updated Assignments: All assignments for each chapter are new, revised, and/or updated. Assignments reflect new accounting pronouncements and business developments in practice. New and Revised Exhibits: The exhibits throughout the book have been updated and revised as necessary to reflect recent data and developments in practice. Updated Marginal Annotations: Marginal annotations have been updated to include new data when applicable. Contents 1. Accounting in Business. 2. Analyzing and Recording Transactions. 3. Adjusting Accounts and Preparing Financial Statements. 4. Completing the Accounting Cycle. 5. Accounting for Merchandising Operations. 6. Inventories and Cost of Sales. 7. Accounting Information Systems. 8. Cash and Internal Controls. 9. Accounting for Receivables. 10. Plant Assets, Natural Resources, and Intangibles. 11. Current Liabilities and Payroll Accounting. 12. Accounting for Partnerships. 13. Accounting for Corporations. 14. Long-Term Liabilities. 15. Investments and International Operations. 16. Reporting the Statement of Cash Flows. 17. Analysis of Financial Statements. 18. Managerial Accounting Concepts and Principles. 19. Job Order Cost Accounting. 20. Process Cost Accounting. 21. Cost Allocation and Performance Measurement. 22. Cost-Volume-Profit Analysis. 23. Master Budgets and Planning. 24. Flexible Budgets and Standard Costs. 25. Capital Budgeting and Managerial Decisions New PRINCIPLES OF ACCOUNTING AND FINANCE By Tony Davies, University of Wales and Tony Boczko, Hull University Business School 2006 (March 2006) ISBN-13: 978-0-07-711421-3 / MHID: 0-07-711421-3 McGraw-Hill UK Title This concise and compact text focuses on the key coverage of the principles of accounting and finance, making it ideal for shorter courses at an introductory level which require less depth of coverage. Its structure fits well with Accounting and Finance courses, beginning with the business context of accounting and moving on to explore financial accounting, management accounting, and finally business finance issues. CONTENTS Chapter 1: Accounting - the building blocks. Chapter 2: The balance sheet. Chapter 3: The profit and loss account. Chapter 4: The cash flow statement. Chapter 5: Business performance analysis. Chapter 6: Corporate governance. Chapter 7: Types of cost and their behaviour Chapter 8: The break-even point and cost management. Chapter 9: Relevant costs and decision making. Chapter 10: Budgeting and control. Chapter 11: Investment decisions. Chapter 12: Financing the business. Appendices: Appendix 1: Case Studies. Appendix 2: Present value tables. Appendix 3: Solutions to selected exercises. Glossary of Key Terms. Index 13 Accounting International Edition FINANCIAL AND MANAGERIAL ACCOUNTING The Basis for Business Decisions, 13th Edition By Jan Williams, University of Tennessee-Knoxville, Robert Meigs, San Diego State University, Sue Haka, Michigan State University - East Lansing and Mark Bettner, Bucknell University 2005 ISBN-13: 978-0-07-294282-8 / MHID: 0-07-294282-7 (with My Mentor, Net Tutor and OLC with PowerWeb) ISBN-13: 978-0-07-111223-9 / MHID: 0-07-111223-5 [IE with My Mentor, Net Tutor and OLC with PowerWeb] Website: http://www.mhhe.com/williams_basis13e With the thirteenth edition of Financial and Managerial Accounting: A Basis for Business Decisions, the Williams author team carries on the tradition of being a solid foundation for students learning basic accounting concepts. Through the revision, the authors have further refined the financial accounting topics, while slightly expanding the managerial accounting material to provide even more balance coverage in this already 50/50 split text. Hallmarks of the text, including the solid Accounting Cycle Presentation, relevant pedagogy, and high quality, end-of-chapter material have all been updated and enhanced through the revision. In addition, some important accounting software, including My Mentor and McGraw-Hill Homework Manager, have been integrated with the text to make the best use of students’ study time. CONTENTS 1.Accounting Information for Decision Making 2.Basic Financial Statements 3.The Accounting Cycle: Capturing Economic Events 4.The Accounting Cycle: Accruals and Defferals 5.The Accounting Cycle: Reporting Financial Results Comprehensive Problem 1. West Branch Rent ALL 6.Merchandising Activities 7.Financial Assets 8.Inventories and the Cost of Goods Sold Comprehensive Problem 2. Guitar Universe, Inc. 9.Plant and Intangible Assets 10.Liabilities 11.Stockholders’ Equity: Paid-in Capital 12.Income and Changes in Retained Earnings 13.Statement of Cash Flows 14.Financial Statement Analysis Comprehensive Problem 3. Tootsie Roll Industries, Inc. 15.Global Business and Accounting 16.Management Accounting: A Business Partner 17.Job Order Cost Systems and Overhead Allocations 18.Process Cost Systems 19.Costing and the Value Chain 20.Cost-Volume-Profit Analysis 21.Incremental Analysis Comprehensive Problem 4. Glister Company 22.Responsibility Accounting and Transfer Pricing 23.Operational Budgeting 24.Standard Cost Systems Comprehensive Problem 5. Utease Corporation 25.Rewarding Business Performance 26.Capital Budgeting / Appendix A: Annual Report of Tootsie Roll Industries 2002 Appendix B: Time Value of Money: Future Amounts and Present Values Appendix C:Forms of Business Organizations INVITATION TO PUBLISH McGraw-Hill is interested in reviewing manuscript for publication. Please contact your local McGraw-Hill office or email to asiapub@mcgraw-hill.com Visit McGraw-Hill Education (Asia) Website: www.mcgraw-hill.com.sg 14 Accounting Principles Supplements MBA SURVIVAL KIT — ACCOUNTING INTERACTIVE 3.0 4th Edition By GMAC 2005 (April 2004) ISBN-13: 978-0-07-304454-5 / MHID: 0-07-304454-7 This tool is essential for anyone entering an MBA program. The MBA Survival Kit is a series of programs brought to you by the Graduate Management Admission Council and McGraw Hill/Irwin. This four CD program provides an introduction to Finance, Accounting, Quantitative Skills and Statistics topics and is designed as a review for those entering an MBA program. On average each CD contains 16-20 hours of self-directed learning that explores core quantitative skills used across functional business areas within distinctly different companies, with the user assuming the role of a consultant. The programs guide the student through two key areas of learning that reinforce student skill building using video, animation and consistent feedback. The training area provides a topic overview, animations and practice for that topic. The office area contains client cases. The user, in the role of a business consultant, works through cases in a virtual office setting, to reinforce the skills learned in the training area. CONTENTS Identifying transactions / Setting up accounts / Recording Transactions / Summarizing Transactions / Preparing Reports / Analyzing Reports SCHAUM’S EASY OUTLINE OF PRINCIPLES OF ACCOUNTING By Joel J. Lerner, Sullivan County Community College 2001 / 153 pages ISBN-13: 978-0-07-136972-5 / MHID: 0-07-136972-4 A Schaum Publication CONTENTS Chapter 1: Accounting Concepts: The Accounting Equation and Financial Statements. Chapter 2: Analyzing and Recording Transactions. Chapter 3: Adjusting and Closing Procedures. Chapter 4: Summarizing and Reporting Via the Work Sheet. Chapter 5: Inventory Valuation Methods. Chapter 6: Alternative Valuation Methods. Chapter 7: Cash and Its Control. Chapter 8: Receivables and Payables. Chapter 9: Property, Plant, and Equipment: Depreciation. Chapter 10: Property, Plant, and Equipment: Disposal and Taxation. Chapter 11: Capital and Equity. Chapter 12: Repetitive Transactions and Payroll. Accounting SCHAUM’S OUTLINE OF PRINCIPLES OF ACCOUNTING I 5th Edition By Joel Lerner, Sullivan County Community College and James Cashin 1999 / 388 pages ISBN-13: 978-0-07-038149-0 / MHID: 0-07-038149-6 A Schaum Publication Accounting For Non-Accounting Managers accounting made easy CONTENTS Accounting Concepts. / Financial Statements. / Analyzing and Classifying Transactions, Examination I. / Recording Transactions. / Repetitive Transactions. / Adjusting and Closing Procedures, Examination II. / Summarizing and Reporting Via the Service Business Work Sheet. / Summarizing and Reporting Via the Merchandising / Business Work Sheet. / Costing Merchandise Inventory. / Alternative Inventory Valuation Methods. / Repetitive Transactions. / Capital and Equity, Examination III. / Receivables and Payables. / Cash and Its Control. / Payroll. / Property, Plant, and Equipment: Depreciation. / Property, Plant, and Equipment: Disposal and Taxation. / Examination IV. / Final Examination. By Rajesh Agrawal and R Srinivasan 2005 / 176 pages ISBN-13: 978-0-07-060060-7 / MHID: 0-07-060060-0 Tata McGraw-Hill Title (Details unavailable at press time) BUSINESS ACCOUNTING AND FINANCE 2nd Edition By Tony Davies, University of Lampeter and Brian Pain, University of Luton 2005 / 752 pages ISBN-13: 978-0-07-710809-0 / MHID: 0-07-710809-4 International Edition McGraw-Hill UK Title SCHAUM’S OUTLINE OF PRINCIPLES OF ACCOUNTING II 4th Edition By Joel J. Lerner, Sullivan County Community College and James A. Cashin, Hofstra University 1994 / 306 pages ISBN-13: 978-0-07-037589-5 / MHID: 0-07-037589-5 ISBN-13: 978-0-07-113457-6 [IE] / MHID: 0-07-113457-3 [IE] A Schaum Publication Website: www.mcgraw-hill.co.uk/textbooks/davies Business Accounting and Finance is a clear, comprehensive and engaging text that is essential reading for anyone studying accounting and finance. Carefully structured to reflect the topics covered in most one or two semester courses, the book is divided into three sections: Financial Accounting. Management Accounting and Business Accounting. Leading readers through all of the topics step-by-step, the text perfectly balances theory and real-life practice, to make it topical, up-to-date and lively. (International Edition is not for sale in Japan) CONTENTS CONTENTS Chapter 1: Underlying Principles – the Building Blocks / Part I: Financial Accounting (Outline of Part I) Chapter 2: Financial Statements of Limited Companies – Balance Sheet Chapter 3: Financial Statements of Limited Companies – Profit and Loss Account Chapter 4: Financial Statements of Limited Companies – Cash Fow Statement Chapter 5: Business Performance Analysis (Case Study 1) Chapter 6: Published Reports and Accounts Chapter 7: Corporate Governance (Case Study II) Part II: Management Accounting (Outline of Part II) Chapter 8: Cost Behavior Chapter 9: Cost Management Chapter 10: Decision-Making (Case Study III) Chatper 11: Planning and Budgeting Chapter 12: Budgetary Control (Case Study IV) Part III: Business Finance (Outline of Part III) Chapter 13: Capital Investment Decisions Chapter 14: Sources of Finance and the Cost of Capital (Case Study V) Chapter 15: Management of Working Capital Chapter 16: Information Technolgogy and Accounting, and e-business (Case Study V/Appendices/Outline of Appendices) Appendices: Appendix 1: Double Entry-the Basics / Appendex 2: Discounted Cash Flow Tabls, Appendex 3: FRS, SSAPs, IAS, and IFRS Appenxix 4: Solutiosn to selected exercises Partnerships: Formation. Partnerships: Admission and Dissolution. The Corporation: Organization. The Corporation: Stock Issue and Book Value. The Corporation: Subscriptions and Treasury Stock. The Corporation: Retained Earnings. The Corporation: Issuing Bonds. The Corporation: Redemption of Bonds. Examination I. Manufacturing Accounting: Accounts and Statements. Manufacturing Accounting: Worksheets and Joint and By-Products. Cost Systems: Job Order. Cost Systems: Process. Budgets: Income Statement. Budgets: Balance Sheet and Standard Costs. Examination II. Financial Statement Analysis: Horizontal and Vertical. Financial Statement Analysis: Ratios. Examination III. Appendix: Statement of Cash Flows. COMPLIMENTARY COPIES Complimentary desk copies are available for course adoption only. Kindly contact your local McGraw-Hill Representative or fax the Examination Copy Request Form available on the back pages of this catalog. Visit McGraw-Hill Education Website: www.mheducation.com 15 Accounting Financial Accounting International Edition New FINANCIAL ACCOUNTING Information for Decisions, 4th Edition John J Wild, University of Wisconsin at Madison 2008 (November 2006) / 736 pages ISBN-13: 978-0-07-304375-3 / MHID: 0-07-304375-3 ISBN-13: 978-0-07-110119-6 [IE] / MHID: 0-07-110119-5 [IE] FINANCIAL ACCOUNTING: Information for Decisions, 4e addresses the topics and issues typically covered in Financial Accounting while at the same time motivating student interest in accounting through its extensive use of entrepreneurial examples, application of analysis skills, integration of interactive tutorial software, and a highly engaging pedagogical design. This book thoroughly integrates ideas and practices followed by today’s business entrepreneurs, speaking more directly to students and better preparing them for the workforce they will enter. Updated for New Standards: Materials are updated to reflect new accounting standards that are applicable to the introductory course. Examples include the new requirements for reporting effects of changes in accounting principles, the accounting for asset exchanges, and the reporting of accounting changes. New Multiple Choice Quiz: A new multiple choice quiz is included at the end of each chapter to check students on their comprehension of the materials read. This quiz is in addition to Quiz A and Quiz B, which continue to be provided on the book’s Website. New and Revised Exhibits and Art: The exhibits throughout the book have been updated and revised as necessary to reflect recent data and developments in practice. All artwork has been updated for improved visual learning. Updated Marginal Annotations: Marginal annotations have been updated to include new data when applicable. Revised Decision Insights: Most Decision Insight boxes are new and reflect recent developments in the business world that are relevant to accounting practice. New or Updated Decision Analysis: The Decision Analysis section at the end of each chapter has been updated to include new or revised company information, analysis, and interpretation. New industry and comparative data are provided where applicable. New to this edition Revised Beyond the Numbers Assignments: Most of the Beyond the Numbers assignments are revised to reflect more current financial statements and reports, recent articles from the financial press such as BusinessWeek, and other current developments in practice. Available with McGraw-Hill’s Homework Manager/Homework Manager Plus! Features Integrated Apple iPod Content: Each chapter features icons connecting course content with learning resources available for download with the Apple iPod. Available downloads include audio-only lectures, lectures slideshows, narrated lecture slideshows, educations videos and interactive multiple choice quizzing. New Feature Company: Students are provided relevant, real-world companies as a resource tool and motivating force in learning accounting. Best Buy is the new feature company, which means that each chapter has selected assignments that require student to use, analyze, or interpret its accounting data. New Comparative Companies: For comparative purposes, students are also provided the financial statements of Circuit City. Assignments are included that ask students to compare and interpret Best Buy and Circuit City data. Dixons, a primarily European (United Kingdom) company, serves as a global comparison for Best Buy and Circuit City. Circuit City’s 2005 Annual Report is packaged in-full with the text as another learning aid, and selected 2005 financial data for all three companies is included in end-of-book Appendix A. Each of these companies is integrated into the end-of-chapter material. Finally, Apple financial statements are also included along assignments for each chapter. Apple provides an appealing example with some popular products such as iPods and iTunes. Updated Entrepreneurial Chapter Openers and Follow-Up Assignments: Each chapter is launched with a Decision Feature that introduces an engaging entrepreneurial scenario and shows the relevance of accounting to business. These openers motivate students and are helpful in teaching and learning accounting. Decision Feature openers are connected to the end-of-chapter material with the Entrepreneurial Decision follow-up assignment, which uses the same entrepreneurial business in the opener to apply one or more learning objectives from the chapter. New/Revised Assignment Materials: All assignment materials are revised, updated, or new. Revisions reflect instructor and student feedback on what works best in learning and teaching accounting principles. This edition also includes 2 sets of interactive chapter-by-chapter quizzes, a Problem Set C, and other tutorial and learning support materials. 16 Expanded Assignment Materials: Expanded assignment materials are introduced to attract student interest and demonstrate the relevance of accounting in business. Many assignments integrate start-up companies, draw on Web applications, require communication and decision-making skills, and benchmark accounting analysis through comparative tests. Marginal Annotations: Revised and expanded marginal annotations reference the relevance of accounting in today’s world. These annotations include student hints to better understand the finer points of accounting. The Decision Center provides students with a framework that reinforces the relevance of accounting information to make business decisions. The Decision Center is showcased inside the front cover and is used throughout the text. The following pedagogical tools reinforce the Decision Center framework: o Decision Feature vignettes open each chapter. All chapter openers use a real world, entrepreneurial company. The entrepreneurial flavor is unique to this textbook – providing additional motivation and interest to students. o Decision Maker feature develops critical thinking and decision-making skills by requiring business decisions using accounting nformation. Each chapter contains two to four of these features. They are purposely chosen to reflect different kinds of users. Examples include investors, consultants, programmers, financial planners, analysts, and creditors. Guidance answers are provided at the end of each chapter. o Decision Ethics feature requires readers to make accounting and business decisions with ethical consequences. It uses role-playing to show the interaction of judgment and ethics, the need for ethical awareness, and the impact of ethics. Guidance answers are provided at the end of each chapter. o Decision Insight feature highlights interesting and current items from practice that are relevant for accounting. This element helps students link accounting directly to business activities. o Decision Analysis section concludes each chapter and emphasizes critical thinking and decision-making skills. Each section introduces one or more tools (ratios) of analysis. It applies these tools to actual companies and evaluates the findings. This section often compares Accounting (benchmarks) the performance and financial condition of a company with its competitors. Beyond the Numbers special set of assignment materials that reinforce critical thinking skills and decision making with real company examples and Internet applications. There are up to ten types of these assignments in each chapter, including: Comprehensive and Serial Problems are included in several chapters and focus on multiple learning objectives from multiple chapters. They integrate and summarize key principles. They can also act as brief “practice sets” incorporating real world scenarios and technology. Contents o Communicating in Practice exercises aim at applying accounting knowledge to develop written and verbal communication skills. Chp.1 Introducing Accounting in Business Chp.2 Analyzing and Recording Business Transactions Chp.3 Adjusting Accounts and Preparing Financial Statements Chp.4 Reporting and Analyzing Merchandising Operations Chp.5 Reporting and Analyzing Inventories Chp.6 Reporting and Analyzing Cash and Internal Controls Chp.7 Reporting and Analyzing Receivables Chp.8 Reporting and Analyzing Long-Term Assets Chp.9 Reporting and Analyzing Current Liabilities Chp.10 Reporting and Analyzing Long-Term Liabilities Chp.11 Reporting and Analyzing Equity Chp.12 Reporting and Analyzing Cash Flows Chp.13 Analyzing and Interpreting Financial Statements Appendix A: Financial Statements: Krispy Kreme, Tastykake, Harley-Davidson Appendix B: Applying Present and Future Values in Accounting Appendix C: Reporting and Analyzing Investments and International Operations Appendix D: Reporting and Analyzing Partnerships (Online at www.mhhe.com/wild4e) Appendix E: Reporting and Preparing Special Journals (Online at www. mhhe.com/wild4e) o Taking It to the Net requires accessing a Web site and obtaining information relevant to the chapter. It aims to make readers familiar with online information and aware of the power of Web technology. o Reporting in Action requires analysis and use of Nike’s financial statements. The unique Swoosh Ahead feature allows use of the most current information in the marketplace. o Comparative Analysis compares the performance and financial condition of Nike and Reebok. These activities help develop analytical and evaluation skills. o Ethics Challenge confronts ethical concerns based on chapter material. Many of these challenges involve actions where the ethical path is blurred. o Teamwork in Action assignments require preparing, analyzing, and using information in teams. They can be completed in or outside of class. These active learning activities reinforce understanding of key topics and help develop interpersonal skills. o Business Week Activity requires the reader to apply the chapter’s material to read and interpret a Business Week article. It also aids in developing reading comprehension skills and gives exposure to business happenings. o Entrepreneurial Decision requires readers to apply chapter content and use accounting information to make business decisions in an entrepreneurial setting. o Hitting the Road activities require readers to work outside of the book and often apply interpersonal and communication skills. Tasks range from visits to local merchandisers and phone interviews to critical observations of business activities. These assignments help readers understand and appreciate the relevance of accounting. o Global Decisions require analysis and evaluation of international companies using accounting information. CAP Learning Objectives Model categorizes and color-codes learning objectives based on whether they are Conceptual, Analytical, or Procedural. This model helps instructors select and execute a focus for their course. These objectives link text material to the assignments along with additional links to the Test Bank, Solutions Manual, and the Instructor’s Resource Manual. Chapter Linkages (A Look Back, A Look at this Chapter, A Look Ahead) launch each chapter and establish bridges between prior, current, and upcoming chapters. This organizational tool assists readers in effectively learning the materials and helps them link concepts across topics. Financial Statements of familiar companies are used to acquaint readers with the format, content, and use of accounting information. The financial statements for Best Buy, Circuit City, and Apple are reproduced in the book and referenced often. Quick Check boxes in the chapter reinforce the immediately preceding materials. They allow the reader to momentarily pause and reflect on the topics described. They give immediate feedback on the reader’s comprehension before moving along to new topics. Answers are provided at the end of each chapter. International Edition New FINANCIAL ACCOUNTING 13th Edition By Jan Williams, University of Tennessee-Knoxville, Sue Haka, Michigan State University-East Lansing, Mark S Bettner, Bucknell University and Joseph V Carcello, University of Tennessee-Knoxville 2008 (September 2006) / 832 pages ISBN-13: 978-0-07-352681-2 / MHID: 0-07-352681-9 ISBN-13: 978-0-07-110122-6 [IE] / MHID: 0-07-110122-5 [IE] While many texts characterize themselves as having either a “user” approach or a “preparer” approach, Williams’ Financial Accounting is written for faculty who want to strike a balance between these approaches. Business majors will find relevance in the “Ethics, Fraud & Corporate Governance,” “Your Turn” and “Case in Point” boxes throughout the chapters while accounting majors will receive a firm grounding in accounting basics that will prepare them for their intermediate course. A unique feature is the multimedia companion, My Mentor. This text-specific technology resource (available free on the book’s website) uses video clips, animated graphics, PowerPoints and Excel templates to demonstrate accounting concepts visually. This allows students to link concepts and numbers together in an interactive rather than print environment. New to this edition New Brief Exercises—ten or more per chapter—provide a shorter, more concise exercise option to test basic concepts at the end of the chapter. An overall new design and revised graphics improve the illustration of key concepts. Selected excerpts from the 2005 Home Depot Financial Statements appear in the text appendix and are incorporated into end-of-chapter problem material. Students gain valuable practical experience reading and analyzing real-world financial statements. Two new Unstructured Cases in Chapter 5 address Sarbanes-Oxley (SOX) issues. (SOX is the most important development in accounting in recent years.) Varied End of Chapter Materials including: glossary, summary, guidance answers to Decision Maker and Ethics features, guidance answers to Quick Check, demonstration problem, questions, quick studies, exercises, check figures, problems, alternate problems, and the Beyond The Numbers section. 17 Accounting Previously supplemental topics have been incorporated into the text, including Other Depreciation Methods, Special Types of Liabilities, and a worksheet for Preparing a Statement of Cash Flows. The discussion has been streamlined by incorporating these and other boxed elements throughout the text. Features Rich End of Chapter Material, including: oTWO sets of Problems, a full set of Exercises, and a full set of Brief Exercises in EACH chapter means Williams has more EOC material than any other financial accounting book on the market. o Five Comprehensive Problems, ranging from two to five pages in length, challenge students to use what they’ve learned in the chapters leading up to it in a real-world scenario. --Case in Point boxes use actual business events to illustrate the relationship between accounting concepts and the real world. Contents Chapter 1: Accounting: Information for Decision Making Chapter 2: Basic Financial Statements Chapter 3: The Accounting Cycle: Capturing Economic Events Chapter 4: The Accounting Cycle: Accruals and Deferrals Chapter 5: The Accounting Cycle: Reporting Financial Results Chapter 6: Merchandising Activities Chapter 7: Financial Assets Chapter 8: Inventories and the Cost of Goods Sold Chapter 9: Plant and Intangible Assets Chapter 10: Liabilities Chapter 11: Stockholders’ Equity: Paid-in Capital Chapter 12: Income and Changes in Retained Earnings Chapter 13: Statement of Cash Flows Chapter 14: Financial Statement Analysis Appendix A: 2005 Home Depot Financial Statement Appendix B: The Time Value of Money o Defined Key Terms and Self-Test Questions review and reinforce chapter material. o Demonstration Problems and their solutions allow students to test their knowledge of key points in the chapters. o Critical Thinking Cases and Problems put students’ analytical skills to the test by having them think critically about key concepts from the chapter and apply them to business decisions. o Business Week Assignments are pulled from recent headlines and require students to relate accounting concepts to current events. oEthics Assignments challenge students to explore the impact of decisions made in business. o Problem Set A, as well as selected end-of-chapter exercises, are available through McGraw-Hill’s Homework Manager. Color-coded Accounting Cycle – Students often struggle when learning to record transactions. To help with this challenging topic (starting in chapter three), the authors have broken the process down into four easy steps that are uniform, color-coded, and tied to the accounting equation. Step 1: Analysis—which accounts were recorded with an increase or decrease. Step 2: Debit/Credit rules—This helps students remember whether the account should be debited or credited. Step 3: The Journal Entry is shown to illustrate what has happened in the 2 previous steps. Step 4: The ledger T-accounts are shown. Ethics, Fraud & Corporate Governance – Boxed examples on Ethics, Fraud & Corporate Governance appear throughout the book, highlighting the importance of these topics in business today. The EOC material also includes cases on these topics (specifically marked with an icon) to alert students to dilemmas they will encounter in the real world. My Mentor – Available on the Online Learning Center. This textspecific resource demonstrates accounting concepts visually, to show students how everyday business events (such as selling goods and services) turn into accounting numbers. My Mentor uses animated infographics to first represent a business event visually, so that students can understand it at a visual level, then shows the transaction a second time, but with numbers so the student can relate the concept to the numerical transaction. Finally, students practice with Excel spreadsheet exercises that show application of concepts and how they impact financial statements. Video clips are included for each segment. Comprehensive Problems Give Students “The Big Picture” – These problems, which occur every three to six chapters, challenge students by incorporating all the skill sets they have learned in the previous chapters into one inclusive “case-exercise.” This distinctive feature not found in most texts allows students to identify the strengths and realize where they might need to brush up. Clearly, students also find these very helpful in studying for exams. Relevant In-Text Pedagogy: --Your Turn boxes puts students in the role of decision-maker asking them to apply chapter concepts to situations faced by investors, creditors, and managers 18 International Edition New FINANCIAL ACCOUNTING 5th Edition By Robert Libby, Cornell University-Inthaca, Patricia Libby, Inthaca College, Daniel G Short, Miami University-Oxford 2007 (April 2006) / 864 pages ISBN-13: 978-0-07-110774-7 / MHID: 0-07-110774-6 [IE with Annual Report] Website: http://www.mhhe.com/libby5e Libby/Libby/Short wrote this text based on their belief that the subject of financial accounting is inherently interesting, but financial accounting textbooks are often not. They believe most financial accounting textbooks fail to demonstrate that accounting is an exciting field of study and one that is important to future careers in business. When writing this text, they considered career relevance as their guide when selecting material, and the need to engage the student as their guide to style, pedagogy, and design. Libby/Libby/Short is the only financial accounting text to successfully implement a real-world, single focus company approach in every chapter. Students and instructors have responded very favorably to the use of focus companies and the real-world financial statements. The companies chosen are engaging and the decision-making focus shows the relevance of financial accounting regardless of whether or not the student has chosen to major in accounting. New to this edition Greatly revised end of chapter material. Each question and problem was reviewed for clarity and effectiveness. Company names and financial numbers revised and updated. The Annual Report for American Eagle Outfitters is packaged with the textbook so that students can see and feel what an actual annual report looks like. Carol Yacht’s General Ledger and Peachtree program is now available. Features Strong User Orientation: Chapter material is selected for its relevance to understanding real companies, financial statements, and real management decisions. Unrealistic topics and practices have been eliminated. Pure record-keeping functions have been included in appendices or reserved for future coursework. By eliminating the recordkeeping emphasis, the authors use basic transaction analysis, journal entries, and T-accounts to provide the structure for understanding the interplay between management decisions and financial statements and the analysis of financial statements. Accounting “Financial Analysis” feature: This feature appears throughout the text, and relates directly to the decisions faced by managers and the users of financial statements at the focus and contrasting companies. The Financial Analysis feature provides current, interesting information that makes the content relevant and interesting to students. The examples featured make the technical material come alive, helping students better understand and remember its significance in decision making. “Focus on Cash Flows” feature: Identified by an icon, these sections are found within most chapters and provide a discussion and analysis of changes in the cash flow of the Focus Company being discussed and the decisions that resulted in the changes in cash flow. These discussions encourage students to think more critically about the decisions they will face with as managers and the impact those decisions will have on the company’s cash flow. CONTENTS 1. Financial Statements and Business Decisions 2. Investing and Financing Decisions and the Balance Sheet 3. Operating Decisions and the Income Statement 4. Adjustments, Financial Statements, and the Quality of Earnings 5. Communicating and Interpreting Accounting Information 6. Reporting and Interpreting Sales Revenue, Receivables, and Cash 7. Reporting and Interpreting Cost of Goods Sold and Inventory 8. Reporting and Interpreting Property, Plant and Equipment; Natural Resources; and Intangibles 9. Reporting and Interpreting Liabilities 10. Reporting and Interpreting Bonds 11. Reporting and Interpreting Owners’ Equity 12. Reporting and Interpreting Investments and Other Corporations 13. Statement of Cash Flows 14. Analyzing Financial Statements / Appendix A: Present and Future Value Tables / Appendix B: Pacific Sunwear Annual Report / Appendix C: American Eagle Outfitter Annual Report / Appendix D: Industry Ratio Report “International Perspective” feature: This feature appears throughout the text, and exposes students to a variety of reporting practices used throughout the world. Today’s students will become tomorrow’s global executives, and as a result, they need to understand and appreciate the implications of different accounting practices. International accounting sections are incorporated in each chapter and in the homework material. “Question of Ethics” feature: Accounting ethics is integrated into each chapter (and end of chapter materials) to convey to students the importance of acting responsibly in accounting and business practice. Self-Study Quizzes: Active learning creates attention and promotes retention. This unique feature stops students at strategic points throughout each chapter to make sure key points are understood before they move on. The quizzes often require that students prepare or use financial statement disclosures based on actual companies to reinforce the usefulness of what they are learning. “Building Block Approach”: The authors employ a building block approach in that they consistently cover the basics before addressing more complex issues. Further, the technical material is presented with clear step-by-step presentations within the realistic examples. Numerous exhibits and other visual aids are used to increase comprehension and learning. . Appropriate examples and explanation for the introductory student: The pace, depth of coverage, and level of difficulty of the material and examples are carefully matched to the needs and abilities of introductory students. Focus Company Approach: Integrates real-world business and accounting practices by building each chapter around the operations and real financial statements of engaging, student oriented Focus Companies such as Callaway Golf, Timberland, Harley-Davidson, and Papa John’s. This integration, as opposed to presenting various company financials as disjointed vignettes, distinguishes the Libby approach by demonstrating career relevance and conveying the excitement of real accounting and reporting issues and problems. Contrasting companies are also used to illustrate variety and a different perspective from the Focus Company. Key Ratio Analysis boxed feature helps students understand and interpret ratios. Each box presents ratio analysis for the focus company in the chapter, as well as with comparative companies. Cautions are also provided to help students understand the limitations of certain ratios. A single key ratio is introduced in each chapter of the textbook. Strong End of Chapter Material: The authors have ensured strong correlation between the topics that are covered in the chapter and the EOC materials. In response to reviewers, more easy to medium—level questions are provided. Alternate Problems added to the end of chapter material to provide instructors with greater flexibility. End of chapter material is organized into a broad variety of categories: Multiple Choice Questions, Mini-exercises, Exercises, Problems, Alternate Problems, Cases and Projects. Icons delineate the focus of the questions/problems/cases. They include International, Ethics, Team Work, Writing Assignments, and Focus on Cash Flows.. Learning Objectives are in the margin of the end of chapter materials. New PRINCIPLES OF FINANCIAL ACCOUNTING (CHAPTER 1-17) AND CIRCUIT CITY ANNUAL REPORT 18th Edition By John J Wild, University of Wisc-Madison, Kermit D Larson, University of Texas at Austin and Barbara Chiappetta, Nassau County Community College 2007 (June 2006) ISBN-13: 978-0-07-327112-5 / MHID: 0-07-327112-8 CONTENTS 1 Accounting in Business 2 Analyzing and Recording Business Transactions 3 Adjusting Accounts and Preparing Financial Statements 4 Completing the Accounting Cycle 5 Accounting for Merchandising Operations 6 Inventories and Cost of Sales 7 Accounting Information Systems 8 Cash and Internal Controls 9 Accounting for Receivables 10 Plant Assets, Natural Resources, and Intangibles 11 Current Liabilities and Payroll Accounting 12 Accounting for Partnerships 13 Accounting for Corporations 14 Long-Term Liabilities 15 Investments and International Operations 16 Reporting the Statement of Cash Flows 17 Analysis of Financial Statements Appendix A Financial Statement Information Appendix B Time Value of Money COMPLIMENTARY COPIES Complimentary desk copies are available for course adoption only. Kindly contact your local McGraw-Hill Representative or fax the Examination Copy Request Form available on the back pages of this catalog. Visit McGraw-Hill Education Website: www.mheducation.com 19 Accounting International Edition FUNDAMENTAL FINANCIAL ACCOUNTING CONCEPTS 5th Edition By Thomas P. Edmonds, University of Alabama at Birmingham, Frances M. McNair, Mississippi State and Philip R. Olds, Virginia Commonwealth University 2006 (December 2004) ISBN-13: 978-0-07-310402-7 / MHID: 0-07-310402-7 (with Annual Report) ISBN-13: 978-0-07-319318-2 / MHID: 0-07-319318-6 (with Annual Report and Topic Tackler Plus DVD) ISBN-13: 978-0-07-111578-0 / MHID: 0-07-111578-1 [IE with Annual Report] Website: http://www.mhhe.com/edmonds5e Students are often overwhelmed by the amount of information presented in the introductory financial accounting course. By focusing on fundamental concepts in a logical sequence, students are able to fully comprehend the material rather than memorize seemingly unrelated terms and topics. The goal of Fundamental Financial Accounting Concepts is to enable students to understand how any given business event affects the financial statements. The “financial statements model” is a highly praised feature because it allows students to visualize the simultaneous impact of business events on all of the key financial statements (the income statement, the balance sheet, and the statement of cash flows). The mechanics of accounting coverage (debits and credits) is delayed until chapter 4. Instructors have flexibility as to the amount of emphasis they want to place on this topic. chapters are focused inside the company on the accounting system, whereas the other two examine financial reporting from the perspective of decision makers outside the company. Thereafter, every chapter integrates these inside/outside perspectives by studying the accounting activities that take place inside the company and evaluating their impact on users outside the company. Topic coverage is paced appropriately for students new to accounting, and is reinforced at each step by self-study quizzes. Add to this the coaches who offer tips and other advice throughout each chapter, and you have the type of text that your students crave. FFA is simply the most student-friendly financial book on the market. Look throughout each chapter and you will soon see what is suggested by the image on the textbook’s cover – the closer you look the more you’ll understand. Contents Chapter 1 Reporting and Interpreting the Financial Results of Business Activities Chapter 2 Reporting Investing and Financing Results on the Balance Sheet Chapter 3 Reporting Operating Results on the Income Statement Chapter 4 Adjustments, Financial Statements, and the Quality of Financial Reporting Chapter 5 Understanding Financial Statements and the Financial Reporting Environment Chapter 6 Internal Control and Financial Reporting for Merchandising Operations Chapter 7 Reporting and Interpreting Receivables, Bad Debt Expense, and Interest Revenue Chapter 8 Reporting and Interpreting Inventories and Cost of Goods Sold Chapter 9 Reporting and Interpreting Long-Lived Tangible and Intangible Assets Chapter 10 Reporting and Interpreting Liabilities Chapter 11 Reporting and Interpreting Stockholders’ Equity Chapter12 Reporting and Interpreting the Statement of Cash Flows Chapter 13 Measuring and Evaluating Financial Performance Appendix A 2003 Annual Report of Landry’s Restaurants, Inc. Appendix B 2003 Annual Report of Dave & Buster’s, Inc. Appendix C Present and Future Value Concepts Appendix D Reporting and Interpreting Investments in Other Corporations CONTENTS 1. Elements of Financial Statements 2. Accounting for Accruals 3. Accounting for Deferrals 4. The Double-Entry Accounting System 5. Accounting for Merchandising Business 6. Accounting for Merchandising Businesses: Advanced Topics 7. Internal Control and Accounting for Cash 8. Accounting for Accruals: Advanced Topics Related to Receivables 9. Accounting for Long-Term Operational Assets 10. Accounting for Long-Term Debt 11. Accounting for Equity Transactions 12. Statement of Cash Flows Appendix A Accessing the EDGAR Database through the Internet Appendix B Topps Company, Inc. Annual Report Appendix C Summary of Financial Ratios Appendix D Annual Report and Financial Statement Analysis Project New NEW ZEALAND FINANCIAL ACCOUNTING 3rd Edition By Grant Samkin, Waikato University and Craig Deegan, RMIT 2006 (January 2006) ISBN-13: 978-0-07-471617-5 / MHID: 0-07-471617-4 McGraw-Hill Australia Title CONTENTS International Edition fUNDAMENTALS OF FINANCIAL ACCOUNTING WITH ANNUAL REPORT By Fred Phillips, Robert Libby, Cornell University and Patricia Libby, Ithaca College 2006 (January 2005) ISBN-13: 978-0-07-299257-1 / MHID: 0-07-299257-3 ISBN-13: 978-0-07-111637-4 / MHID: 0-07-111637-0 [IE with Annual Report] Website: http:www.mhhe.com/phillips Fundamentals of Financial Accounting, 1e, by Phillips/Libby/ Libby presents an engaging, balanced, and appropriately paced analysis of the fundamentals of financial accounting. Its conversational writing style and selection of focus companies make it a real pleasure to read and learn about accounting, while also learning about the business activities of your students’ favorite companies. Balance between preparer and user orientations is achieved throughout the entire book. Three of the first five 20 Part 1 The New Zealand Accounting Environment. Ch 1 An overview of the New Zealand external reporting environment. Part 2 Theories of Accounting. Ch 2 An overview of theories of accounting. Part 3 Accounting for Assets. Ch 3 An overview of accounting for assets. Ch 4 Depreciation of property, plant and equipment. Ch 5 Revaluation and impairment testing of non-current assets. Ch 6 Accounting for inventories. Ch 7 Accounting for intangibles. Ch 8 Accounting for heritage and biological assets. Part 4 Accounting for Liabilities and Equity. Ch 9 Accounting for liabilities, provisions, contingent liabilities and contingent assets. Ch 10 Accounting for leases. Ch 11 Debt defeasance and debt set-offs. Ch 12 Accounting for employee entitlements. Ch 13 Capital and reserves. Ch 14 Share based payments. Ch 15 Accounting for financial instruments. Ch 16 Income and revenue recognition issues. Ch 17 Income statement and statement of changes in equity. Ch 18 Accounting for income taxes. Part 5 Accounting for Cash Flows. Ch 19 Cash flow statements. Part 6 Other Disclosure Issues. Ch 20 Events after the balance sheet date. Ch 21 Financial reporting by segments. Ch 22 Related-party disclosures. Ch 23 Earnings per share. Part 7 Accounting for Equity Interests in Other Entities. Ch 24 Accounting for group structures. Ch 25 Accounting for intragroup transactions and minority interests. Ch 26 Accounting for indirect interests and changes in degree of ownership of subsidiaries. Ch 27 Accounting for equity investments. Ch 28 Accounting for interests in joint ventures. Part 8 Foreign Currency. Ch 29 Accounting for foreign currency transactions. Ch 30 Translating the financial statements of foreign operations. Part 9 Accounting Corporate Social-Responsibility Reporting. Ch 31 Accounting for corporate social responsibility. Appendix A Present value of $1. Appendix B Present value of annuity of $1. Appendix C Calculating present values. Appendix D New Zealand Financial Reporting Standards references FINANCIAL ACCOUNTING By Davies and Boczko 2005 (June 2005) / 448 pages ISBN-13: 978-0-07-710940-0 / MHID: 0-07-710940-6 McGraw-Hill UK Title New Financial Accounting: An Introduction is a clear and comprehensive textbook, designed for students studying introductory financial accounting as part of a business degree or MBA. Carefully structured to reflect the topics required, the text is full of examples and exercises to aid students’ understanding. Leading readers through all of the topics step-by-step, the text perfectly balances theory and real-life practice, to make it topical, upto-date and lively. Contents INTRODUCTION ACCOUNTING 2nd Revised Edition By David Willis, Adelaide Institute of TAFE 2006 (May 2006) ISBN-13: 978-07-0471971-8 / MHID: 0-07-471971-8 McGraw-Hill Australia Title This text is designed as an introductory accounting text suitable for accounting, office administration and business courses. The 2nd revised edition of Introductory Accounting has been updated to reflect changes in Australia’s Accounting Standards which came into effect in 2005. The book combines colourful design and innovative pedagogy with clear explanations of theory and application of introductory accounting concepts. This revised edition comes with an outstanding student and lecturer support package and free student workbook. New to this edition Updated in line with new Australian Accounting Standards Includes a stand-alone chapter on Computerised Accounting Full coverage of Goods and Services Tax Emphasis on Posting to General Ledger Accounts & Double Entry Coverage of depreciation, including flowcharts, illustrations and topic review questions Includes coverage of service industries Emphasis on internal controls Contents Part 1, Accounting to Trial Balance Ch 1, Framework of accounting Ch 2, Introduction to accounting principles Ch 3, The rules of double entry Ch 4, Introduction to, and posting to, ledger accounts Ch 5, Goods and services tax and source documents Ch 6, Cash and credit journals Ch 7, Special transactions: General journal entries Ch 8, Posting to general ledger accounts Ch 9, Control accounts and subsidiary ledgers Ch 10, Ledger postings for computerised accounting Ch 11, Service industries Ch 12, Controls over cash and bank reconciliations Ch 13, Petty cash / Competency Check--Part One / Practice set of books / Trial test / Part 2, Accounting Basic Reports Ch 14, Manual payroll system Ch 15, Depreciation, disposal of assets and asset registers Ch 16, Balance day adjustments Ch 17, Trading account, profit and loss account and closing entries Ch 18, Worksheets and classified financial statements / Competency Check--Part Two / Trial tests / Glossary of accounting terms / Index Chapter 1 Financial accounting – the building blocks Chapter 2 Financial statements of limited companies – balance sheet Chapter 3 Financial statements of limited companies – profit and loss account Chapter 4 Financial statements of limited companies – cash flow statement Chapter 5 Business performance analysis / Case Study I / Chapter 6 Published reports and accounts Chapter 7 Corporate governance / Case Study II / Chapter 8 Sources of finance and the cost of capital Chapter 9 IT and accounting, and e-business / Case Study III / Appendix 1 Double-entry – the basics Appendix 2 FRSs, SSAPs, IASs, and IFRSs Appendix 3 Solutions to selected exercises FINANCIAL ACCOUNTING FOR MANAGEMENT By Ramachandran, Asian Institute of Technology-Thailand and kakani Ram Kumar, SLRI School of Management-Jamshedpur, India 2005 (June 2005) / 512 pages ISBN-13: 978-0-07-060053-9 / MHID: 0-07-060053-8 Tata McGraw-Hill Title This book focuses on building the concepts in financial accounting, from a decision-making perspective. With its coverage and focus, the book is indispensable for MBA students and young professionals. This book introduces the students to the financial statements (balance sheet, income statements, and statement of cash flow) and then takes them through the process of recording and processing accounting transactions. The pedagogical approach is aimed at making the students’ comprehension of the concepts well so that they can apply them in the real world of business. Consequent to this objective, the authors have included a large number of examples and real-life case studies in this book. Taking into consideration computerization of the workplace at large and usage of computers in financial analysis in today’s organizations, the book is supported by an interactive excel-based module for the students. CONTENTS 1. Conceptual Basis of Accounting 2. Balance Sheet 3. Profit & Loss Account 4. Funds and Cash Flow Statement 5. Accounting Records 6. Accounts for Joint Stock Companies 7. Financial Statement Analysis 8. Development in Accounting 9. Accounting Standards Appendix A: Sample Annual Report Appendix B: International Accounting Standards Appendix C: Comprehensive Assignment / Glossary 21 Accounting International Edition INTRODUCTION TO FINANCIAL ACCOUNTING 5th Edition By Andrew Thomas, University of Birmingham 2005 (March 2005) / 576 pages ISBN-13: 978-0-07-710808-3 / MHID: 0-07-710808-6 ISBN-13: 978-0-07-125060-3 [IE] / MHID: 0-07-125060-3 [IE] McGraw-Hill UK Title Website: http://mcgraw-hill.co.uk/textbooks/thomas The new edition is going to be a more reader-friendly and updated version of the previous edition. The new edition will include a new chapter on International Accounting Standards and an additional five case studies. The online leanring centre will include an information centre, lecturer centre and student centre. In addition to this, there will also be a Standards Updating section, which the author will maintain. CONTENTS I: The basic framework 1. The nature and objectives of financial accounting 2. The accounting equation and its components II: Doubleentry bookkeeping 3. Basic documentation and books of account 4. The general ledger 5. The balancing of accounts and the trial balance 6. Day books and the journal 7. The cash book 8. The petty cash book III: Preparing final accounts 9. The final accounts of sole traders 10. Accounting principles, concepts and policies 11. Depreciation and fixed assets 12. Bad debts and provisions for bad debts 13. Accruals and prepayments 14. The preparation of final accounts from the trial balance 15. Manufacturing accounts and the valuation of stocks IV: Internal control and check 16. The bank reconciliation statement 17. Control accounts 18. Errors and suspense accounts V: Special items, cases and entities 19. Single entry and incomplete records 20. The final accounts of clubs 21. Value add tax, columnar books of prime entry and the payroll 22. The role of computers in accounting 23. Account for changing price levels VI: Partnerships 24. The final accounts of partnerships 25. Changes in partnerships VII: Companies 26. The nature of limited companies and their capital 27. The final accounts of limited companies 28. Changes in share capital 29. Cash flow statements 30. The appraisal of company accounts using ratios VIII: Generally accepted accounting principles and practices 31. International Accounting Standards 34. The conceptual framework of accounting 35. An Introduction to consolidated accounts / Appendix—Solutions to exercises International Edition FINANCIAL ACCOUNTING A New Perspective integrated throughout the text. This case engages the student while exposing them to the use of financial accounting statements and information in developing a new business and their role in business decision making. Early on in the book, corporate financial statements are introduced along side those of CMU. Solomon covers debits and credits but delays their presentation until chapter 9—which may well prove to be preferable to skipping them altogether. Students are more prepared to cover debits and credits later in the course and professors are able to at least introduce these important concepts to their business and accounting majors. CONTENTS Chapter 1- Introduction to a Business: Cards & Memorabilia Unlimited Appendix 1-1 Cards & Memorabilia Unlimited Chapter 2—Analyzing the Transactions of a Business Chapter 3—Financial Statements and Their Relationships Chapter 4—The Balance Sheet Chapter 5—Using the Balance Sheet to Make Decisions Chapter 6—The Income Statement Chapter 7—Using the Income Statement to Make Decisions Chapter 8—The Statement of Cash Flows Chapter 9—The Accounting Process: Manual and Computerized Systems Appendix 9-1 Learning How to Use T-Account Analysis Chapter 10—Comparing Financial Statements by Entity and Industry Appendix 10-1 Learning How to Read Consolidated Financial Statements Chapter 11—How Operating Activities Affect Financial Statements Chapter 12—How Investing Activities Affect Financial Statements Appendix 12-1 Mastering Compound Interest Concepts (With Tables) Chapter 13—How Financing Activities Affect Financial Statements Appendix 13-1 Measuring and Reporting Leases Appendix 13-2 Accounting for Deferred Income Taxes Chapter 14—Applying What You Have Learned To Analyze the Gap Appendix 14-1 2001 Financial Information for the Gap, Inc. and for The Limited, Inc. Appendix 14-3 Creating a Statement of Cash Flows Appendix A Performance Objectives Appendix B Commonly Used Account Titles Appendix C Transactions A 1 through Z for Cards & Memorabilia Unlimited Financial Accounting Supplements SCHAUM’S OUTLINE of BOOKKEEPING AND aCCOUNTING 4th Edition By Joel J. Lerner, Sullivan County Community College 2007 (November 2006) / 400 pages ISBN-13: 978-0-07-146458-1 / MHID: 0-07-146458-1 A Schaum Professional Publication By Paul E. Solomon 2004 (Jan 2003) / 768 pages ISBN-13: 978-07-07-287226-2 / MHID: 0-07-287226-8 (with Net Tutor and PowerWeb) - Out of Print ISBN-13: 978-0-07-121718-7 / MHID: 0-07-121718-5 [IE with PowerWeb] The high-performance study guides that help you cut study time, hone problem-solving skills, and achieve top scores on exams! Success adds up when you choose Schaum’s. Ideal as a study guide for college courses and certification tests, Schaum’s Outline of Bookkeeping and Accounting contains complete new information reflecting current trends in the field. Website: http://www.mhhe.com/solomon Contents Financial Accounting: A New Perspective embodies an approach to teaching that has been developed by author Paul Solomon for over 30 years. The perspective is student-centered in that it motivates students by truly acknowledging them as business majors first-by taking them out of the preparer mode yet still emphasizing how they cannot be successful in business without accounting. Solomon begins not by talking about business and accounting in the abstract, but by introducing a realistic, concrete business case that students can count on throughout the book as a controlled environment in which to learn new concepts. Solomon’s text presents principles of financial accounting through a framework using the entrepreneurial running case, Cards and Memoribilia Unlimited, which is fully Ch 1: Assets, Liabilities, and Capital Ch 2: Debits and Credits: The Liability System Ch 3: Journalizing and Posting Transactions Ch 4: Financial Statements Ch 5: Adjusting and Closing Procedures Ch 6: Repetitive Transactions Ch 7: The Cash Journal Ch 8: Summarizing and Reporting Ch 9: The Merchandising Company Ch 10: Costing Merchandise Inventory Ch 11: Pricing Merchandise Ch 12: Negotiable Instruments Ch 13: Controlling Cash Ch 14: Payroll Ch 15: Property, Plant, and Equipment: Depreciation Ch 16: The Partnership Ch 17: The Corporation Ch 18: Introduction to Accounting Software 22 Accounting New UNDERSTANDING CORPORATE ANNUAL REPORTS 6th Edition By William R Pasewark, Texas Tech University 2007 (September 2005) / 56 pages ISBN-13: 978-0-07-310181-1 / MHID: 0-07-310181-8 Website: http://www.mhhe.com/pasewark06 In this project the student obtains and analyzes an annual report from a publicly traded corporation. Activities include: identifying corporate operations, gaining familiarity with the financial data presentation, recognizing trends, calculating ratios, and performing industry and primary competitor comparisons. This project takes approximately 8 to 20 hours to complete (average 10 hours). NEW TO THIS EDITION Includes improved graphing grids to help students identify trends in revenues, cash flows, outstanding shares, stock prices, and seasonal data Updated to address changes in accounting standards for stock options, changes in accounting principle, and pension disclosures Includes instructions on how to access FASB pronouncements as they appear on the internet SCHAUM’S EASY OUTLINE BOOKKEEPING AND ACCOUNTING By Joel J. Lerner, Sulivan County Community College 2004 / 144 pages ISBN-13: 978-0-07-142240-6 / MHID: 0-07-142240-4 A Schaum Publication What could be better than the bestselling Schaum’s Outline series? For students looking for a quick nuts-and-bolts overview, it would have to be Schaum’s Easy Outline series. Every book in this series is a pared-down, simplified, and tightly focused version of its predecessor. With an emphasis on clarity and brevity, each new title features a streamlined and updated format and the absolute essence of the subject, presented in a concise and readily understandable form. Graphic elements such as sidebars, reader-alert icons, and boxed highlights stress selected points from the text, illuminate keys to learning, and give students quick pointers to the essentials. Designed to appeal to underprepared students and readers turned off by dense text Cartoons, sidebars, icons, and other graphic pointers get the material across fast Concise text focuses on the essence of the subject Deliver expert help from teachers who are authorities in their fields Perfect for last-minute test preparation So small and light that they fit in a backpack! Features Provides extensive instructions on how to obtain annual report data from a corporation Instructs students on how to obtain industry and competitor data Emphasizes internet access to corporate web sites; includes search words to help locate internet data quickly Guides students through topics as complex as comprehensive income, pensions and post-retirement benefits, LIFO reserves, and income tax deferrals Includes an optional Excel spreadsheet that aids the student in performing ratio analysis, competitor analysis, trend analysis, and analysis of seasonality (see www.mhhe.com/pasewark06). Introduces students to the SEC’s EDGAR database Contains extensive instructional and grading suggestions, and a 50question follow-up examination. (Found in the Instructor’s Manual.) CONTENTS SCHAUM’S OUTLINE OF FINANCIAL ACCOUNTING 2nd Edition By Joel G Siegel, Queens College and Jae K Shim, California State University 1999 / 336 pages ISBN-13: 978-0-07-134166-0 / MHID: 0-07-134166-8 A Schaum Publication CONTENTS Chapter 1 Introduction to Financial Accounting. Chapter 2 Financial Statements. Chapter 3 Analyzing and Recording Financial Transactions. Chapter 4 Adjusting and Closing Entries. Chapter 5 The Preparation of the Worksheet. Chapter 6 Accounting for a Merchandising Business. Chapter 7 Cash and Short-Term Investments. Chapter 8 Inventories. Chapter 9 Receivables and Payables. Chapter 10 Fixed Assets, Depreciation, and Intangible Assets. Chapter 11 Liabilities. Chapter 12 Corporations. Chapter 13 Partnerships. Chapter 14 Financial Statement Analysis. Chapter 15 Statement of Cash Flows. Chapter 16 Accounting for Multinational Operations. The Purpose of this Project / Getting Started / Instructions / Getting Acquainted with the Annual Report / General Information / Internet Information / The Primary Financial Statements / Income Statement 6 / Balance Sheet 10 / Cash Flow Statement 12 / Statement of Changes in Stockholders’ Equity 14 / Notes and Supporting Schedules to the Financial Statements 16 / Report of the Independent Accountants 30 / Ratio Analysis 32 / Analysis of Profitability 32 / Analysis of Liquidity 37 / Analysis of Solvency 39 / Industry or Competitor Comparisons 41/ Making Decisions Based on the Annual Report 44 / Appendix A – Obtaining Annual Financial Data 47 / Appendix B – Obtaining Data for Industry Comparisons 48 / Appendix C – Financial Analysis Using Excel 49 23 Accounting Managerial Accounting International Edition New fUNDAMENTAL MANAGERIAL ACCOUNTING CONCEPTS 4th Edition By Thomas P Edmonds, Cindy Edmonds and Bor-Yi Tsay of University of Alabama at Birmingham, Philip R Olds, Virginia Commonwealth University 2008 (November 2006) / 704 pages ISBN-13: 978-0-07-352679-9 / MHID: 0-07-352679-7 ISBN-13: 978-0-07-110112-7 [IE] / MHID: 0-07-110112-8 [IE] Website: http://www.mhhe.com/edmonds2008 Fundamental Managerial Accounting Concepts 4e by Edmonds/ Edmonds/Tsay/Olds focuses on concepts that are isolated and introduced in a logical sequence. The authors intentionally limit the scope of the material to help students build a solid foundation of the most important concepts in managerial accounting. Fundamental Managerial Accounting Concepts 4e is organized in a distinctive way, particularly in the first six chapters. The objective is to establish a coherent, integrative framework that enables students to build knowledge in stepwise fashion. The authors’ goal is for students to understand the underlying principles of accounting, not just memorize content. New to this edition Coverage of Corporate Governance: The enactment of SarbanesOxley (SOX) has signaled the need for educators to expand the subject of ethics to a broader concept of corporate governance. The coverage begins in Chapter One, including four exercises, two problems, and one case on the topic. This edition features expanded coverage on four specific areas including: o Quality of Earnings – We explain how accountants manipulate financial statements. o Standards of Ethical Conduct for Management Accountants – Our coverage focuses on the policies and practices promulgated by the Institute of Management Accountants. o The Fraud Triangle – We discuss the three common features of criminal and ethical misconduct including opportunity, pressure and rationalization. o Specified Features of Sarbanes-Oxley (SOX) – We cover four key provisions of SOX that that are applicable to managerial accountants. Corporate Governance Cases: Following introduction of corporate governance in Chapter One, each chapter includes a case study on the topic, allowing continual coverage of this critical topic throughout the course. Chapter Organization: Chapters 4 and 5 have been switched to allow coverage of allocation before it is used in the discussion of relevance. Features Comprehensive Problem: Chapters 1 through 12 include a comprehensive problem designed to integrate concepts across chapters. By studying a problem series with the same company facing different accounting issues, students can focus on particular accounting concepts without the distraction of a new setting for each concept and gain a better understanding of the interrelationships between various accounting concepts Annual Report and Financial Statement Analysis Projects supplement available on web site. 24 Emphasis on decision-making concepts applicable to both service and manufacturing companies. The TOC places decision making up front. Topics are introduced within a decision-making context. For example “cost behavior” is introduced within the context of operating leverage. The focus is on how cost behavior affects decisions such as “Am I sure that volume will be high that I want to employ a fixed cost structure or reduce operating leverage risk by building a variable cost structure.” “Check Yourself” areas throughout each chapter ask students to stop and think about the concept before moving on to the next. Inclusion of a Self-Study Review Problem at the end of each chapter. This is a representative problem with a detailed solution to be worked before attempting end of chapter problems. This is also available as an audio-narrated slide presentation on the Topic Tackler Plus DVD and web site. Distinctive Organization allows for greater emphasis to be placed on decision-making and easier comprehension of concepts. For example, cost behavior and cost/volume/profit analysis are covered before cost accumulation. Important cost terms and concepts are introduced in context where they can be linked with decision-making skills. Delayed focus on manufacturing. Procedural topics like manufacturing cost flow, job-order and process costing are placed at the end of the text while traditional books discuss these topics early. Understanding the assignment of overhead costs within a manufacturing context requires a comprehension of cost behavior, direct versus indirect costs, and the mechanics of allocation. Therefore, coverage of these topics precedes the introduction of manufacturing cost flow. This also allows the text to focus more on service and not-for-profit entities. A Look Back/A Look Forward: Each chapter ends with a look back at the main points of the chapter, followed by a preview of the upcoming chapter, with an emphasis on how the concepts build on one another. This approach is yet another example of the focus on key concepts. Real World Focus – Each chapter begins with “The Curious Accountant” which poses a thought-provoking question based on the chapter content. These questions involve real accounting issues faced by real companies. The questions are answers later in the chapter. Throughout the book, Reality Bytes and Focus on International Issues boxes provide diverse examples of accounting applications. When real-world companies are used in an example, Edmonds uses actual data from the company. Real companies are highlighted in blue font. Brief, manageable length proves “less is more.” This fourteen-chapter textbook reflects the effort to address the information overload problem. Analyze, Think, Communicate: End-of-chapter material concludes with a section of analytical, critical thinking, and communication problems that require critical thinking and interpretation. These include a Business Application Case (drawn from real-world events), a Group Assignment, a Research Assignment (based on current articles), a Writing Assignment, an Ethics Case, and Working with Excel and Mastering Excel problems. Excel Spreadsheet screenshots are used as examples for students where applicable. Each chapter includes Working with Excel and Mastering Excel problems. Both problems require students to create spreadsheets and include Excel tips to help students. Excel templates are provided for specific end-of-chapter problems and noted by a logo. Contents 1.Management Accounting and Corporate Governance 2.Cost Behavior, Operating Leverage, and Profitability Analysis 3.Analysis of Cost, Volume, and Pricing to Increase Profitability 4.Cost Accumulation, Tracing, and Allocation 5.Relevant Information for Special Decisions 6.Cost Management in an Automated Business Environment: ABC, ABM, and TQM 7.Planning for Profit and Cost Control 8.Performance Evaluation 9.Responsibility Accounting 10.Planning for Capital Investments 11.Product Costing in Service and Manufacturing Entities 12.Job-Order, Process, and Hybrid Cost Systems 13.Financial Statement Analysis 14.Statement of Cash Flows / Glossary / Photo Credits / Index Accounting International Edition New MANAGERIAL ACCOUNTING 12th Edition By Ray H Garrison, Brigham Young University—Provo and Eric Noreen, University of Washington and Peter C. Brewer, Miami University—Oxford 2008 (March 2007) / 896 pages ISBN-13: 978-0-07-352670-6 / MHID: 0-07-352670-3 ISBN-13: 978-0-07-110113-4 [IE] / MHID: 0-07-110113-6 [IE] Focus on Ethics piece in Chapter 5 addresses difficult ethical issues that can arise in the aftermath of an ABC project. The Chapter 6 ethics piece addresses the use of customer profitability analysis as the basis for providing differential treatment for different classes of customers. End-of-Chapter Material: The end-of-chapter material has once again been very heavily revised. New problems have been added, and virtually all of the exercises, problems and cases contain data different from that in the sixth edition. Website: http://www.mhhe.com/garrison12e Build a Spreadsheet: This new feature adds a spreadsheet requirement to several exercises and problems in each chapter. Students are asked to build an Excel spreadsheet that will solve the exercise and then manipulate the solution by changing some of the key data in the exercise. (Details unavailable at press time) Features “Focus on Ethics” segments, which pose ethical dilemmas or discuss ethical issues and then ask the student for his or her opinion about the issue. International Edition New MANAGERIAL ACCOUNTING 7th Edition By Ron W Hilton, Cornell University 2008 (September 2006) / 864 pages ISBN-13: 978-0-07-302285-7 / MHID: 0-07-302285-3 ISBN-13: 978-0-07-110113-4 [IE] / MHID: 0-07-110113-6 [IE] Website: http://www.mhhe.com/hilton7e The emphasis of Managerial Accounting, 7e is on teaching students to use accounting information to best manage an organization. In a practice Hilton pioneered in the first edition, each chapter is written around a realistic business or focus company that guides the reader through the topics of that chapter. Known for balanced examples of Service, Retail, Nonprofit and Manufacturing companies, Hilton offers a clear, engaging writing style that has been praised by instructors and students alike. As in previous editions, there is significant coverage of contemporary topics such as activity-based costing, target costing, the value chain, customer profitability analysis, and throughput costing while also including traditional topics such as job-order costing, budgeting and performance evaluation. New to this edition Sarbanes-Oxley Act: Three sections of Sarbanes-Oxley are germane to management accounting because they address internal controls over financial reporting. Sections 101, 302 and 404 are covered in Appendix I. The implications of these acts on managerial accounting are unique to management accounting texts. Coverage of environmental cost management--a hot, new topic in the field. New and updated Managerial Accounting Practice pedagogical boxes that expose students to real world experiences of managerial accounting in action. Topic Tackler: Select challenging topics found in each chapter are more fully explored and illustrated by the Topic Tackler software tutorial. Selected topics are highlighted in the text with a logo. Topic Tackler provides a step-by-step sequence of video, PowerPoint slides, interactive practice exercises and self tests to develop difficult text topics. The tutorial is free on the text web site. “Management Accountants: In Their Own Words”: This feature incorporates actual quotes from practicing managerial accountants. This serves as a friendly, informal teaching device designed to show students how the field is changing and highlight the accountant’s role in companies’ cross-functional management teams. Focus Companies: One of the hallmark features of Hilton’s Managerial Accounting is its pioneering of the focus company approach. By using focus companies to illustrate concepts, students immediately see the importance of the material and become excited about the content. Each chapter is written around a realistic business that introduces the reader to the topics of that chapter. Flexible Structure: Each chapter is written as a self-contained unit to allow instructors maximum flexibility in topic sequencing. Three supplemental chapters in Adobe Acrobat (.pdf) format--Process Costing:The First-in, First-out Method, The Statement of Cash Flows and Financial Statement Analysis--are available free on the text web site. Contrast Companies: As in previous editions, each chapter is built around a realistic Focus Company in which the chapter’s key points are illustrated. In this edition a Contrast Company is also introduced, which in most cases will feature an industry different from that of the focus company. This new feature allows even greater emphasis on serviceindustry firms and other non-manufacturing environments. Current Topics: The 7th edition continues to contain very contemporary topical coverage. There is an even presentation of contemporary topics (activity-based costing: Ch. 5, activity-based management: Ch. 6, Target Costing, Kaizen Costing, the Value Chain, etc) and traditional topics (job-order costing, cost estimation, cost-volume-profit analysis, budgeting, etc). Greater Emphasis on the Service Industry: In addition to introducing the contrast companies described above, a greater effort has been made to point out the relevance of managerial accounting concepts and tools in service-industry settings. The balanced presentation of Service, Retail, Nonprofit, and Manufacturing examples have been retained. Of the focus companies used, 11 are set in the manufacturing sector, 7 involve service industry firms, 3 are retail companies, and 3 involve nonprofit or governmental settings. Four of these companies are dot.com enterprises. A complete list of the focus companies, as well as URLs for these companies, can be found on the endsheets of the textbook. Streamlining: To streamline this edition, Chapters 5 and 6 have been heavily revised and reorganized. Significant changes to both the content and pedagogy in these chapters, which cover activity-based costing and activity-based management, make these challenging topics more accessible to students. Focus on Ethics: The Focus on Ethics piece in Chapter 1 has been revised to reflect the new Statement of Ethical Professional Practice adopted by the Institute of Management Accountants in 2005. The Contents Chapter 1 The Changing Role of Managerial Accounting in a Dynamic Business Environment. Chapter 2 Basic Cost Management Concepts and Accounting for Mass Customization Operations. Chapter 3 Product Costing and Cost Accumulation in a Batch Production Environment. Chapter 3 Appendix Activity-Based Costing: An Introduction. Chapter 25 Accounting 4 Process Costing and Hybrid Product-Costing Systems. Chapter 4 Appendix Process Costing in Sequential Production Departments. Chapter 5 Activity-Based Costing. Chapter 6 Activity-Based Management and Cost Management Tools. Chapter 7 Activity Analysis, Cost Behavior, and Cost Estimation. Chapter 7 Appendix Finding the Least-Squares Regression Estimates. Chapter 8 Cost-Volume-Profit Analysis. Chapter 8 Appendix Effect of Income Taxes. Chapter 9 Profit Planning, Activity-Based Budgeting, and e-Budgeting. Chapter 10 Standard Costing, Operational Performance Measures and the Balanced Scorecard. Chapter 10 Appendix Use of Standard Costs for Product Costing. Chapter 11 Flexible Budgeting and the Management of Overhead and Support Activity Costs. Chapter 11 Appendix A Standard Costs and Product Costing. Chapter 11 Appendix B Sales Variances. Chapter 12 Responsibility Accounting, Quality Control and Environmental Cost Management. Chapter 13 Investment Centers and Transfer Pricing. Chapter 14 Decision Making: Relevant Costs and Benefits. Chapter 14 Appendix Linear Programming. Chapter 15 Target Costing and Cost Analysis for Pricing Decisions. Chapter 16 Capital Expenditure Decisions. Chapter 16 Appendix A Future Value and Present Value Tables. Chapter 16 Appendix B Impact of Inflation. Chapter 17 Absorption, Variable and Throughput Costing. Chapter 17 Appendix Effect of the Volume Variance under Absorption and Variable Costing. Chapter 18 Allocation of Support Activity Costs and Joint Costs. Chapter 18 Appendix Reciprocal-Services Method. Appendix I The Sarbanes-Oxley Act, Internal Controls, and Management Accounting. Appendix II Compound Interest and the Concept of Present Value. Appendix III Inventory Management. References for In their Own Words. Glossary. Photo Credits. Index of Companies and Organizations. Index of Subjects International Edition New INTRODUCTION TO MANAGERIAL ACCOUNTING 3rd Edition By Peter C. Brewer, Miami University—Oxford, Ray Garrison, Brigham Young University and Eric Noreen, University of Washington 2007 (April 2006) / 672 pages ISBN-13: 978-0-07-304883-3 / MHID: 0-07-304883-6 ISBN-13: 978-0-07-110294-0 [IE] / MHID: 0-07-110294-9 [IE] Website: http://www.mhhe.com/brewer3e Introduction to Managerial Accounting, 3/e by Brewer/Garrison/Noreen is based on the market-leading text, Managerial Accounting, by Garrison, Noreen and Brewer. However, this is not simply a briefer book with chapters removed; B/G/N has been rethought and retooled to meet the needs of the market. B/G/N 3/e is a more accessible, yet thoroughly student-friendly text that satisfies the basic needs of the managerial accounting student without unnecessary depth on advanced topics associated with the follow-up course, cost accounting/cost management. Faculty and students alike will find this new edition has retained the hallmark features of the Garrison brand: authorwritten supplements, excellent readability, terrific examples, and balanced end-of-chapter material. NEW TO THIS EDITION Many new In Business boxes. Drawn from recent events, these boxes provide interesting examples of how managerial accounting concepts are used by real businesses. New end-of-chapter exercises. The authors have refreshed and updated all end-of-chapter problems and exercises. Prologue updates and additions: o Updated, more current Globalization section. o New section on Lean Production. o New section on Six Sigma. o Added discussion of Enterprise Systems, as well as New Corporate Governance and Enterprise Risk Management. 26 Variable costing has been added in a new Appendix to Chapter 5 An extensively rewritten Chapter 10, particularly the section on ROI, to improve the flow and simplify the presentation for students. Simplification of the simple rate of return formulas in Chapter 12. Updated Test Bank: includes over 900 new questions, primarily easy and medium difficulty level. Algorithmic Diploma Test Bank: allows instructors to create similarly structured problems with different values, allowing every student to be assigned a unique quiz or test. Brief Exercises: each cover a single learning objective. These simple exercises serve as building blocks to prepare the student for the longer exercises and problems. Faculty can use the brief exercises as quick exercises for completion in class, and the main exercises and problems for homework assignments. The Building Your Skills section contains problem materials that help students develop communication, team work, Internet, and analytical skills. Every chapter contains the following exercises: Communicating in Practice, Ethics Challenge, Taking it to the Net, Teamwork in Action, and Analytical Thinking exercises. Building Your Skills end-of-chapter problems conform to AECC and AACSB recommendations and make great class discussion and group project material The In Business feature integrates real examples throughout the book of how companies apply or are affected by a managerial accounting issue, concept or tool. Exhibits in selected chapters are presented in Excel Spreadsheet screen captures. Such spreadsheets are now routinely used in business to prepare analyses and reports. All of the key supplements are written by the authors, ensuring accuracy and consistency with the text, and guaranteeing the best student comprehension and ease of faculty use. Like the Garrison text, the most attractive features of the Brewer book is its outstanding writing style, clear and balanced presentation of relevant subject matter, wide selection of reliable problems and end of chapter material, and an extensive author-driven supplements package that is timely and accurate. Like Garrison, this is a book that instructors can count on. Infographics: Each chapter contains an infographic to help students visualize key accounting concepts, such as the Activity-Based Costing Model, the Assumptions of CVP Analysis, and Static vs. Flexible Budgets. These infographics are pictorial representations of particular concepts in managerial accounting. Concept Checks allow students to test their comprehension of topics and concepts covered at various stages throughout each chapter. Concept Checks occur 1 to 3 times per chapter and each contain 1 or 2 questions that will help students evaluate whether or not they have master an understanding of a particular concept. Features You Decide boxes challenge students to apply the tools of analysis and make decisions. Suggested solutions are located at the end of each chapter. (Example, Chapter 9, Production Manager). Decision-Maker features are critical thinking questions based on real world scenarios that require the resolution of a business issue. Suggested solutions are located at the end of each chapter. (Example: Chapter 3, Legal Firm Business Manager). Decision Features are chapter-openers that use real world examples to show how accounting information is used to make everyday business decisions. An example is Chapter 13 on “Statement of Cash Flows,” which examines how shaky cash flow statements have affected online retailers or “e-tailers.” Accounting CONTENTS Preface. Prologue: Managerial Accounting and the Business Environment. Chapter One: An Introduction to Managerial Accounting and Cost Concepts. Chapter Two: Systems Design: Job-Order Costing. Chapter Three: Systems Design: Activity-Based Costing. Chapter Four: Systems Design: Process Costing. Chapter Five: Cost Behavior: Analysis and Use. Chapter Six: Cost-Volume-Profit Relationships. Chapter Seven: Profit Planning. Chapter Eight: Standard Costs. Chapter Nine: Flexible Budgets and Overhead Analysis. Chapter Ten: Decentralization. Chapter Eleven: Relevant Costs for Decision Making. Chapter Twelve: Capital Budgeting Decisions. Chapter Thirteen: “How Well Am I Doing?” Statement of Cash Flows. Chapter Fourteen: “How Well Am I Doing?” Financial Statement Analysis International Edition fundamental managerial accounting concepts 3rd Edition By Thomas P. Edmonds, Cindy Edmonds and Bor-Yi Tsay of University of Alabama-Birmingham and Philip R. Olds, Virginia Commonwealth University 2006 (December 2004) / 672 pages ISBN-13: 978-0-07-299105-5 / MHID: 0-07-299105-4 ISBN-13: 978-0-07-319326-7 / MHID: 0-07-319326-7 (with Topic Tackler Plus DVD) ISBN-13: 978-0-07-111580-3 / MHID: 0-07-111580-3 [IE with Topic Tackler /CD] Website: http://www.mhhe.com/edmonds3e Fundamental Managerial Accounting Concepts 3e by Edmonds/ Edmonds/Tsay focuses on concepts that are isolated and introduced in a logical sequence. The authors intentionally limit the scope of the material to help students build a solid foundation of the most important concepts in managerial accounting. Fundamental Managerial Accounting Concepts 3e is organized in a distinctive way, particularly in the first six chapters. The objective is to establish a coherent, integrative framework that enables students to build knowledge in stepwise fashion. The authors’ goal is for students to understand the underlying principles of accounting, not just memorize content. MANAGEMENT ACCOUNTING 2nd Edition By Willie Seal, Eric Noreen, University of Washington and Ray H Garrison, Brigham Young University-Provo 2006 (November 2005) ISBN-13: 978-0-07-710939-4 / MHID: 0-07-710939-2 McGraw-Hill UK Title Website: http://www.mcgraw-hill.co.uk/textbooks/seal Management Accounting offers a comprehensive and balanced introduction to management accounting theory and practice that is highly readable and user-friendly. Covering all of the basic principles of management accounting as well as the key emerging issues, this textbook offers a key combination of core technical material and engaging examples of management accounting in practice. The book includes outstanding case studies, examples, and self-test material based on real issues affecting accounting practice in the UK and Europe, making it an indispensable learning tool for anyone teaching or studying management accounting today. CONTENTS Chapter One Management accounting and the business environment Chapter Two Cost terms, concepts and classifications Chapter Three System design: job-order costing Chapter Four Systems design: process costing Chapter Five Cost behaviour: analysis and use Chapter Six Income reporting under variable costing and absorption costing Chapter Seven Cost-volume-profit relationships Chapter Eight Activity-based costing Chapter Nine Relevant costs for decision making Chapter Ten Capital investment decisions Chapter Eleven Managerial decision making under risk and uncertainty Chapter Twelve Profit planning and the role of budgeting Chapter Thirteen Standard costs and variance analysis Chapter Fourteen Flexible budgets, overhead analysis and critiques of budgeting Chapter Fifteen Segment reporting and decentralizatio Chapter Sixteen Pricing, target costing and intra-company transfers Chapter Seventeen Strategic management accounting and the Balanced Scorecard Chapter Eighten Performance management, management control, and corporate governance Chapter Nineteen Stock management: EOQ, JIT, ERP and E-commerce Chapter Twenty Quality and business processes: measurement and management Chapter Twenty-one Cost management and the impact of constraints: supply chain management, corporate unbundling and shared service centres Chapter Twenty-two Management accounting change in its organizational and institutional context: a case study perspective Contents Chapter 1 Management Accounting: A Value-Added Discipline Chapter 2 Cost Behavior, Operating Leverage, and Profitability Analysis Chapter 3 Analysis of Cost, Volume, and Pricing to Increase Profitability Chapter 4 Relevant Information for Special Decisions Chapter 5 Cost Accumulation, Tracing, and Allocation Using Volume Measures to Allocate Variable Chapter 6 Cost Management in an Automated Business Environment: ABC, ABM, and TQM Chapter 7 Planning for Profit and Cost Control Chapter 8 Performance Evaluation Chapter 9 Responsibility Accounting Chapter 10 Planning for Capital Investments Chapter 11 Product Costing in Service and Manufacturing Entities Chapter 12 Job-Order, Process, and Hybrid Cost Systems Chapter 13 Financial Statement Analysis Chapter 14 Statement of Cash Flows International Edition MANAGERIAL ACCOUNTING 11th Edition By Ray H Garrison, Brigham Young University—Provo and Eric Noreen, University of Washington and Peter C. Brewer, Miami University—Oxford 2006 (December 2004) / 880 pages ISBN-13: 978-0-07-111794-4 / MHID: 0-07-111794-6 [IE with Topic Tackler Plus] Website: http://www.mhhe.com/garrison11e As the long-time best-seller, Garrison has helped guide close to 2 million students through the challenging waters of managerial accounting since it was first published. It identifies the three functions managers must perform within their organizations—plan operations, control activities, and make decisions—and explains what accounting information is necessary for these functions, how to collect it, and how to interpret it. To achieve this, Managerial Accounting, 11/E, focuses, now as in the past, on three qualities: Relevance: Every effort is made to help students relate the concepts in this book to the decisions made by working managers. With insightful chapter openers, the popular Managerial Accounting in Action segments within 27 Accounting the chapters, and stimulating end-of-chapter exercises, a student reading Garrison should never have to ask “Why am I learning this?” Balance: There’s more than one type of business, and so Garrison covers a variety of business models, including notfor-profit, retail, service, and wholesale organizations as well as manufacturing. In the eleventh edition, service company examples are highlighted with icons in the margins of the text. Clarity: Generations of students have praised Garrison for the friendliness and readability of its writing, but that’s just the beginning. Technical discussions have been simplified, material has been reordered, and the entire book carefully retuned to make teaching—and learning—from Garrison as easy as it can be. In addition, the supplements package is written by Garrison, Noreen, and Brewer, ensuring that students and professors will work with clear, well-written supplements that employ consistent terminology. CONTENTS Chapter 1: Managerial Accounting and the Business and Environment Chapter 2: Cost Terms, Concepts, and Classifications Chapter 3: Systems Design: Job-Order Costing Chapter 4: Systems Design: Process Costing Chapter 5: Cost Behavior: Analysis and Use Chapter 6: Cost-VolumeProfit Relationships Chapter 7: Variable Costing: A Tool for Management Chapter 8: Activity-Based Costing: A Tool to Aid Decision Making Chapter 9: Profit Planning Chapter 10: Standard Costs and the Balanced Scorecard Chapter 11: Flexible Budgets and Overhead Analysis Chapter 12: Segment Reporting and Decentralization Chapter 13: Relevant Costs for Decision Making Chapter 14: Capital Budgeting Decisions Chapter 15: Service Department Costing: An Activity Approach Chapter 16: “How Well Am I Doing?” Statement of Cash Flows Chapter 17: “How Well Am I Doing?” Financial Statement Analysis Appendix A: Pricing Products and Services Appendix B: Profitability Analysis MANAGEMENT ACCOUNTING 4th Edition By Kim Langfield-Smith, Professor at La Trobe University and Dr Helen Thorne, University of Adelaide 2005 ISBN-13: 978-0-07-471481-2 / MHID: 0-07-471481-3 McGraw-Hill Australia Title This new edition by highly respected author-team Kim Langfield-Smith and Helen Thorne explains the contemporary role of management accounting in organisations--supporting a company’s quest for enhancing shareholder and customer value. The effective management of resources, both financial and non-financial, is essential to creating value. Management Accounting 4e retains its strategic approach, a clear writing style, and a wealth of Australian and regional cases and ‘real life’ examples of management accounting practices in the workplace. This text is sutiable for the one- or two-semester undergraduate course, as well as the MBA management accounting course. NEW TO THIS EDITION Strategic Focus and Coverage of Emerging Issues Active Learning International Edition MANAGEMENT ACCOUNTING An Australian Perspective, 3rd Edition MANAGEMENT ACCOUNTING Principles and Applications, 3rd Edition By Alan Banks, Grafton College and William Neish, Macquarie University 2005 (December 2005) ISBN-13: 978-0-07-471578-9 / MHID: 0-07-471578-X McGraw-Hill Australia Title Management Accounting 3e covers both of the management accounting modules in the National Accounting Training Package: Management Accounting Principles (Financial Services – Certificate IV FNB40199) and Management Accounting Applications (Financial Services – Advanced Diploma FNB60299). The new edition offers teachers and students one book to meet all the requirements of the management accounting courses. The third edition has been updated to include many new examples, self-test problems and end of chapter questions to enhance student learning. Additional emphasis on single ledger systems is provided in the third edition, along with the existing coverage of subsidiary cost ledgers. Two past TAFE examination papers have also been included with this edition to help students to gain additional practice in answering examination level questions. The text is written to ensure concepts are clearly explained for comprehension, and also incorporates key learning tools to maximise effectiveness, both in the classroom and at home. CONTENTS Chapter 1: Introduction to Management Accounting Chapter 2: Manufacturing Statements Chapter 3: Cost Flows Chapter 4: Materials: Control and Accounting Chapter 5: Labour: Control and Accounting Chapter 6: Factory Overhead: Control and Accounting Chapter 7: Job Costing Chapter 8: Responsibility Accounting Chapter 9: Cost-Volume-Profit Analysis Chapter 10: Direct Costing Chapter 11: Differential Costing and Linear Programming Chapter 12: Activity-Based Costing Chapter 13: Process Costing Fundamentals Chapter 14: Advanced Process Costing Chapter 15: Operation Costing Chapter 16: Joint and By-Product Costing Chapter 17: Standard Costing 28 By Kim Langfield-Smith, professor at La Trobe University and Dr Helen Thorne, University of Adelaide 2002 / 976 pages ISBN-13: 978-0-07-471190-3 / MHID: 0-07-471190-3 ISBN-13: 978-0-07-471434-8 / MHID: 0-07-471434-1 (with MaxMark) ISBN-13: 978-0-07-124271-4 / MHID: 0-07-124271-6 [IE with MaxMark] McGraw-Hill Australia Title Website: www.mcgraw-hill.com.au/mhhe/acc/langfield3e CONTENTS Part One: The value-creating role of management accounting: Chapter 1 presents the foundation for the book by taking a cutting-edge approach to explaining the contemporary role of management accounting within organizations. Rather than being a provider of information for managers’ strategic and operational decisions, management accounting is now viewed as playing a greater role in supporting managers’ quest for enhancing both shareholder value and customer value. The effective management of resources - both financial and non-financial - is essential to creating value. This perspective is enhanced through reference to activities of leading-edge Australian companies. Throughout the book, the themes of strategic resource management, customer value and shareholder value are emphasized as new topics are presented. The chapter on strategic management accounting, which formed the capstone chapter of the previous edition has now become part of the “mainstream”. Accordingly, material on strategy is now included throughout the chapters, particularly in Chapter 1 - Management accounting: information for contemporary managers; Chapter 15 - Managing costs and time for customer value; and Chapter 16 - Managing suppliers, customers and quality. This significantly strengthens the new edition’s overall strategic orientation. Part Two: Service costing (Chapter 6): This chapter has been developed in response to market feedback that few management accounting textbooks place sufficient focus on service industries and service costing. The Australian economy relies far more on service industries than manufacturing industry and this emphasis is reflected in the new edition. Conventional and activity-based approaches to costing, and management accounting information in a range of different service contexts are presented. Part Three: Financial performance measures and reward systems (Chapter 13): This chapter presents internal Accounting financial reports and, traditional financial measures (e.g. ROI - return on investment) and an expanded section of value-based management. Up-to-date material on reward systems, including performance-linked pay is also covered. Part Four: Contemporary approaches to measuring performance (Ch 14): In this edition there is more detailed material on the formulation and use of non-financial measures and on balanced scorecards. Part Five: Managing costs and time for customer value (Chapter 15): This chapter relates contemporary cost management and time management to the generation of customer value. As in the previous edition, cost management techniques include activity-based management, business process reengineering, and life-cycle costing. There is a more detailed coverage of target costing. The new material on time-based management includes measures of break-even time and time-to-market, and identifying and managing time drivers. Part Six: Managing suppliers, customers and quality (Chapter 16): These three important and very contemporary topics, which can all be viewed as part of supply-chain management are brought together in one chapter. These topics are very timely and reflect best practice. In particular e-commerce contributions to supplier and customer management are emphasized. New concepts that are covered in this chapter include enterprise resource planning (ERP) systems, customer relationship management (CRM), and B2B (business-to-business) relationships. Part Seven: Pricing and product mix decisions (Chapter 19): This chapter contains a more up-to-date and comprehensive coverage of the factors that influence product and service pricing, and various alternative pricing strategies, such as value-based pricing and economic-value pricing, and presented. An updated section on legal restrictions on pricing is included in this chapter. Managerial Accounting Supplements International Edition SCHAUM’S OUTLINE OF MANAGERIAL ACCOUNTING 2nd Edition By Jae K Shim, California State University and Joel G Siegel, Queens College 1999 / 336 pages ISBN-13: 978-0-07-058041-1 / MHID: 0-07-058041-3 ISBN-13: 978-0-07-116763-5 / MHID: 0-07-116763-3 [IE] - Out of Print A Schaum Publication Computerized Accounting International Edition MANAGEMENT ACCOUNTING Analysis and Interpretation, 2nd Edition By Cheryl S. McWatters, McGill University, Dale Morse, University of Oregon and Jerold Zimmerman, University of Rochester 2001 / 704 pages ISBN-13: 978-0-07-245423-9 / MHID: 0-07-245423-7 (with Student CD) - (Out of Print) ISBN-13: 978-0-07-115060-6 / MHID: 0-07-115060-9 [IE with CD, PowerWeb and Net Tutor] Website: www.mhhe.com/mmz CONTENTS Part A: Introduction Chapter 1. Management Accounting in an Organizational Context Part B: Strategy and Planning Decisions Chapter 2. Measuring and Analysing Activity Costs Chapter 3. Measuring and Analyzing Product Costs Chapter 4. Managing Activities Chapter 5. Short-Term Decisions and Constraints. Part C: Strategy and Control Decisions Chapter 6. Managing Organizations Chapter 7. Decentralized Organizations Part D: Planning and Control Issues Chapter 8. Budgeting Chapter 9. Cost Allocation Chapter 10. Absorption Cost Systems Chapter 11. Variable Costing and Capacity Costs Part E: Summary Chapter 12. Management Accounting in a Dynamic Environment Part F: Additional Topics Chapter 13. Investment Decisions Chapter 14. Standard Costs and Variance Analysis New computer accounting with Quickbooks 2007 9th Edition By Donna Ulmer, St Louis Community College—Meramec—Kirkwood 2008 (March 2007) / 704 pages ISBN-13: 978-0-07-352683-6 / MHID: 0-07-352683-5 (Details unavailablea at press time) New COMPUTER ACCOUNTING WITH PEACHTREE COMPLETE 2007 Release 14.0, 11th Edition By Carol Yacht, Peachtree Consultant 2008 (January 2007) / 704 pages ISBN-13: 978-0-07-352682-9 / MHID: 0-07-352682-7 (Details unavailable at press time) 29 Accounting New computer accounting with Quickbooks 2006 8th Edition By Donna Ulmer, St Louis Community College—Meramec—Kirkwood 2007 (April 2006) / 704 pages ISBN-13: 978-0-07-313114-6 / MHID: 0-07-313114-8 Computer Accounting with QuickBooks 2006 teaches students how to use the QuickBooks 2006 version computer accounting software. The first part of the text provides a hands-on introduction to QuickBooks, and the second half focuses on maintaining a service and merchandising business, as well as on advanced features of QuickBooks. This book provides hands-on, stepby-step instructions for easy learning with an abundance of exercises and projects to reinforce new concepts. Each chapter builds on the previous chapter as the student progresses from entering simple transactions to using advanced QuickBooks features. Computer Accounting with QuickBooks 2006 provides both the “big picture” overview (“Where am I going?”) and stepby-step instructions (“Where do I click?”). FEATURES Computer Accounting with QuickBooks walks the student through the process of setting up a company in QuickBooks in a step-by-step manner, allowing the student to learn QB without requiring as much assistance from their instructor. The Resource Guide at the back of the book provides a convenient “glossary” of QuickBooks’ major functions. This helps to make Computer Accounting with QuickBooks a reference work as well as a tutorial, ensuring that students will continue to draw value from the book long after the course is over. Fearless Paint Company is an integrated example used throughout the second half of the book wherein the student assumes the role of small business owner. The company starts out as a sole proprietorship, then grows and becomes a merchandising corporation. This building block approach is used to gradually introduce students to new concepts, while maintaining the continuity and interest in the company. Section 2 contains two comprehensive projects in each chapter that review concepts and provide students practice in setting up businesses. Appendix B presents a comprehensive project as a capstone for the course. This project guides the student through the process of using QuickBooks for a real company, from setting up the chart of accounts to creating customized reports. The Hands-On Exam is a short, lab-based exam in which students go through the process of setting up a company in QuickBooks. The exam is brief enough to be administered quickly and with minimal prep time. Abundant end-of-chapter material continues with the student in the role of accountant by providing additional assignments from the president of the company. These assignments range from entering transactions to generating complex reports and financial statements. Internet assignments in each chapter connect to web sites with useful information for small business accounting. Screen shots highlight important chapter material. This makes it easy for students to learn at their computer, and also to study and review concepts away from a computer. Annotated illustrations make it easier for students to follow the text and understand what they need to do. Contents Part I: Exploring QuickBooks with Rock Castle Construction. 1 Guided Tour of QuickBooks Pro 2000. 2 Chart of Accounts. 3 Banking. 4 Customers and Sales. 5 Vendors, Purchases, and Inventory. 6 Employees and Payroll. 7 Reports and Graphs. Part II: Small Business Accounting with QuickBooks Pro 2000. 8 Creating a Service Company in QuickBooks. 9 Accounting for a Service Company. 10 Merchandising Corporation: Sales, Purchases, and Inventory. 11 Merchandising Corporation: Payroll. 12 Advanced Topics. Appendix A: Real World QuickBooks Project. Appendix B: Correcting Errors. Appendix C: Using Word and Excel with QuickBooks. Appendix D: Online Features of QuickBooks. Appendix E: Updating QuickBooks. Appendix F: Single-User and Multi-User Modes. Appendix H: Quick Reference Guide New COMPUTER ACCOUNTING ESSENTIALS WITH QUICKBOOKS 3rd Edition By Carol Yacht, Peachtree Consultant and Susan Crosson, Santa Fe Community College 2007 (June 2006) / 224 pages ISBN-13: 978-0-07-313112-2 / MHID: 0-07-313112-1 Website: http://www.mhhe.com/yachtqbessentials3e Computer Accounting Essentials Using QuickBooks Online Edition is the only textbook that teaches QuickBooks using the online version. Students gain a working knowledge of the accounting software during the free 30 day trial period-no installation required. Carol Yacht and Susan Crosson’s trademark step-by-step instructions show students how to use QuickBooks Online Edition to meet the real-world accounting demands of a service corporation. NEW TO THIS EDITION All new screenshots reflect the very latest changes to QuickBooks Online Edition. Review flashcard exercises are available for every chapter with templates and solutions on the book’s website. The Setup Interview, which students complete when they set up their QuickBooks company, has been revised to ensure students can find their way through it regardless of how its format changes. Features Computer Accounting Essentials using QuickBooks Online Edition, 3e includes step-by-step instructions for setting up a service business from scratch. Using this business to demonstrate the features of the software, the accounting cycle is completed for the fourth quarter of the year. A site license for QuickBooks is available directly from Intuit, the producers of QuickBooks software. Information on how to obtain this site license is available on the book website, as well as in the Instructor’s Resource Manual. Students complete end-of-quarter adjusting entries, close the fiscal year, and then begin the next year. This provides students the opportunity to complete the accounting cycle for six accounting periods – the fourth quarter and the first quarter. This is valuable training for future accountants, entrepreneurs, and managers. This text is designed with online courses in mind, and Donna Ulmer provides specific advice for teaching in online settings on the Instructor’s Resource CD. The book’s website provides email links to Carol Yacht and Susan Crosson, Internet activities, updates, flashcards, case problems, and much more useful information. 30 Accounting Computer Accounting Essentials Using QuickBooks Online Edition, 3e, is ideal for any type of course delivery: on campus, online, or blended. CONTENTS Part 1: Accessing QuickBooks Online Edition-Internet-Based Accounting Software Part 2: New Company Setup Part 3: Setting Accounting Defaults Part 4: Fourth Quarter Transactions Part 5: End-of-Year & Beginning-of Year Transactions Part 6: Advanced Features Case Problem 1: Complete First Quarter Transactions for February and March Case Problem 2: Second Quarter Transactions Case Problem 3: StudentDesigned Project and Payments Chapter 12: Sales and Collections Chapter 13: Banking and Financial Reports Project 3: Neymark’s Sporting Goods Project 4: Student-Designed Merchandising Business PART 4: ADVANCED SMALL BUSINESS ACCOUNTING APPLICATIONS Chapter 14: SBA Integration with Microsoft Office Chapter 15: SBA and Excel Project 5: Student-Designed Project Appendix A: Review of Accounting Principles Appendix B: Glossary Index Timetable for Completion New New COMPUTER ACCOUNTING USING MICROSOFT SMALL BUSINESS MANAGER By Carol Yacht, Peachtree Consultant and Susan Crosson, Santa Fe Community College 2007 (Aug 2006) / 512 pages ISBN-13: 978-0-07-312972-3 / MHID: 0-07-312972-0 Website: http://www.mhhe.com/yachtsba The latest textbook offering from two of the most prolific writers in the computer accounting field provides concise and comprehensive instruction on how to use new accounting software from Microsoft in conjunction with Microsoft Office applications. The directions are interesting and easy-to-use, and are supported by in-depth analysis of up-to-date business situations and reports. Yacht and Crosson have simplified the installation process so students are ready to start working with the software in as short a time as possible. Students learn how to harness the power of Microsoft Office to link data between applications, leveraging reports and analysis opportunities and reducing errors. Features The text fully explores the integration of Small Business Accounting with Microsoft Office Professional. Students learn how Word, Excel, PowerPoint and Outlook help them to create professional-looking reports, generate analyses with drill-down capabilities, and present up-to-date vendor and customer information at a glance. Students gain experience managing the accounting tasks of a small corporation, including daily record-keeping, cash-flow forecasting, and financial reporting. The book is written expressly for non-accountants familiar with Microsoft Office, making it easy to integrate the book’s coverage into a variety of accounting and business courses. A “quick start” approach ensures students spend only minimal time on setting up the software, allowing them to promptly begin working with accounting data. COMPUTER ACCOUNTING WITH PEACHTREE COMPLETE 2006 Release 13.0, 10th Edition By Carol Yacht, Peachtree Consultant 2007 (February 2006) / 704 pages ISBN-13: 978-0-07-313099-6 / MHID: 0-07-313099-0 ISBN-13: 978-0-07-328851-2 / MHID: 0-07-328851-9 (with Student CD) Website: http://www.mhhe.com/yacht2006 Computer Accounting with Peachtree Complete 2006, Release 13, 10/e, is Yacht’s 10th Edition--no other author or publisher can claim 10 Peachtree editions. Carol Yacht’s Peachtree textbook is the market leader because her pedagogy is unmatched-she incorporates real-world businesses; step-by stepdirections; numerous screen illustrations; challenging exercises and projects; and a website with additional resources. The 10th edition first builds students’ familiarity with all of the features of Peachtree Complete Accounting 2006, then employs stepby-step instructions to show how accounting concepts apply to real-world situations. NEW TO THIS EDITION Each textbook includes a copy of Peachtree Complete Accounting 2006, Educational Version. A software site license is included on Peachtree’s Help menu for instructors running the program in a lab. Updated screen illustrations and detailed steps match Peachtree Complete Accounting 2006. Reports may be emailed in Adobe Acrobat (PDF) format. The text explores compatibility between Peachtree and Microsoft Word and Excel (2000 and higher.) The 10th edition features new companies, exercises, projects, and testing. New Chapter 18 includes Peachtree’s Mail Merge feature and Peachtree Online. Supplements written entirely by the authors, Carol Yacht and Susan Crosson, ensure continuity and optimum relevancy. New PowerPoint slides are available for every chapter. CONTENTS FEATURES PART 1: EXPLORING MICROSOFT OFFICE SMALL BUSINESS ACCOUNTING Chapter 1: Northwind Traders-A Product Company Chapter 2: Customers & Receivables Chapter 3: Vendors & Payables Chapter 4: Employees & Payroll Chapter 5: Banking Chapter 6: Company & Financial Chapter 7: Fabrikam, Inc.-A Service Company PART 2: SMALL BUSINESS ACCOUNTING FOR SERVICE BUSINESSES Chapter 8: Maintaining Accounting Records for Service Businesses Chapter 9: Completing Quarterly Activities & Closing the Fiscal Year Project 1: Fargo Medical Center, Inc. Project 2: Student-Designed Service Business PART 3: SMALL BUSINESS ACCOUNTING FOR MERCHANDISING BUSINESSES Chapter 10: Vendors and Inventory Chapter 11: Acquisition Peachtree’s two sample companies, Bellwether Garden Supply, a retail business and service company, and Stone Arbor Landscaping, a service company, are incorporated into Part I of the text. Chapter 11 starts Part 3, Peachtree Complete Accounting 2006 for Merchandising Businesses. In Chapter 11 students set up two merchandising business: Richard’s Sales & Service and Student Name Service Merchandise. The two merchandising businesses started in Chapter 11 are continued in Chapters 12, 13, and 14 giving students another opportunity for a serial exercise. 31 Accounting Students set up 11 businesses from scratch. This is valuable training for future accounting technicians. COMPUTER ACCOUNTING ESSENTIALS WITH GREAT PLAINS By Carol Yacht, Peachtree Consultant and Susan Crosson, Santa Fe Community College 2006 (December 2005) / 272 pages ISBN-13: 978-0-07-312966-2 / MHID: 0-07-312966-6 ISBN-13: 978-0-07-327327-3 / MHID: 0-07-327327-9 (with/MS GP8.0/MS CD) There are four parts of the text: 1) Exploring Peachtree Complete Accounting 2006; 2) Peachtree Complete Accounting 2005 for Service Businesses; 3) Peachtree Complete Accounting 2006 for Merchandising Businesses; and 4) Advanced Peachtree Complete Accounting 2006 Applications. There are four comprehensive projects as well as three opportunities for students to design their own businesses. Computer Accounting With Great Plains Essentials is an accessible, step-by-step guide to installing, using and mastering Microsoft Business Solutions-Great Plains 8.0 software-the most widely used software for mid-sized companies. Great Plains 8.0 is used by chain stores, sports teams, franchise operations, manufacturers and accounting firms. Supportive pedagogy helps students develop a strong working knowledge of Great Plains 8.0. This book focuses on the basic business processes of the software and teaches students step-by-step how to set up and run a service corporation. The Online Learning Center for the 10th edition of Yacht includes PowerPoint slides for each chapter; online student quizzing with feedback, grading and an email link to enhance the teaching/learning experience. The quizzes reinforce what students learn in each chapter. The software CD-ROM, Peachtree Complete Accounting 2006 is packaged with every text. This allows students to have their own copy of the software for use at home or on campus. The author recommends that the software packaged with the textbook be installed in the school’s computer lab. The license agreement is included on Peachtree’s Help menu. All chapters have Software Objectives and Web Objectives, within chapter activities, end of chapter testing; end-of-chapter exercises, Internet activities, Going to the Net exercises, and writing assignments to reinforce important concepts. Peachtree Complete Accounting 2005 software includes everything needed to record business transactions: general ledger, accounts payable, accounts receivable, payroll, inventory, and job costing. The text is spiral bound for ease of use when working on the computer. Going to the Net exercises and Internet Activities are in every chapter. This provides students more practice on the web, and extra reinforcement of chapter concepts. (The Going to the Net exercises have a solution in the Instructor’s Manual.) Website: http://www.mhhe.com/essentialsplains06 CONTENTS Chapter 1: Introduction to MBS-GP8.0. Chapter 2: New Company Setup for a Service Business. Chapter 3: Processing Cash Receipts and Payments. Chapter 4: Completing Quarterly Activities and Closing the Fiscal Year. Chapter 5: Acquisition and Payments. Chapter 6: Sales and Collections. Chapter 7: End of Quarter Activities and Smartlists. Project 1: Student-Designed Activities for April. Index PowerPoint slides for every chapter are included on the textbook’s website at www.mhhe.com/yacht2006. Additional projects and a Peachtree Practice Set are included on the textbook’s website at www.mhhe.com/yacht2006. CONTENTS Part 1: Exploring Peachtree Complete Accounting 2006 Chapter 1: Introduction to Bellwether Garden Supply Chapter 2: Vendor Transactions Chapter 3: Customer Transactions Chapter 4: Employees Chapter 5: General Ledger and Inventory Chapter 6: Job Cost Chapter 7: Financial Statements Chapter 8: Stone Arbor Landscaping-Time and billing Part 2: Peachtree Complete Accounting 2006 for Service Businesses Chapter 9: Maintaining Accounting Records for Services Businesses Chapter 10: Completing Quarterly Activities and Closing the Fiscal Year Project 1: Susan Clarke, Accountant Project 1A: Student-Designed Service Business Part 3: Peachtree Complete Accounting 2006 for Merchandising Businesses Chapter 11: Accounts Payable Chapter 12: Accounts Receivable Chapter 13: Merchandise Inventory Chapter 14: Payroll Project 2: Burton’s Sporting Goods Project 2A: Student-Designed Merchandising Business Part 4: Advanced Peachtree Complete Accounting 2006 Applications Chapter 15: Customizing Forms Chapter 16: Import/Export Chapter 17: Using Peachtree Complete Accounting 2006 with Excel and Word Chapter 18: Mail Merge and Peachtree Online Project 3: Fargo Computer Club Project 4: BRC Manufacturing, Inc. Project 4A: Student-Designed Project Appendix A: Installing the Software Appendix B: Review of Accounting Principles Appendix C: Glossary Index Timetable for Completion 32 COMPUTER ACCOUNTING WITH GREAT PLAINS By Carol Yacht, Peachtree Consultant and Susan Crosson, Santa Fe Community College 2006 (December 2005) / 640 pages ISBN-13: 978-0-07-312969-3 / MHID: 0-07-312969-0 ISBN-13: 978-0-07-327326-6 / MHID: 0-07-327326-0 (with MS GP8.0/CD/MS CD) Website: http://www.mhhe.com/greatplains06 This textbook covers Microsoft Business Solutions-Great Plains software, the leading mid-market suite of powerful software tools to manage every aspect of a business, including accounting. This textbook focuses on the financial accounting component of the software, leading students through the process of software installation and how to set up service, merchandising, manufacturing, and nonprofit businesses. Upon completion of this textbook, students will have a working familiarity with Microsoft Business Solutions-Great Plains software. CONTENTS Part 1: Exploring Microsoft Business Solutions-Great Plains. Chapter 1: Introduction Fabrikam, Inc. Chapter 2: Payables Management. Chapter 3: Receivables Management. Chapter 4: Payroll. Chapter 5: Inventory Control. Chapter 6: General Ledger and Financial Statements. Part 2: Great Plains 8.0 for a Service Businesses. Chapter 7: Maintaining Accounting Records for Service Businesses. Chapter 8: Completing Quarterly Activities & Closing the Fiscal Year. Project 1: Verde Medical Center, Inc. Project 2: Student-Designed Service Business. Part 3: Great Plains 8.0 for Merchandising Businesses. Chapter 9: Vendors and Inventory Items.Chapter 10: Acquisition and Payments. Chapter 11: Sales and Collections. Chapter 12: Routines, Inquiries, and Financial Reports. Project 3: Mountain Sports. Project 4: Student-Designed Merchandising Business. Part 4: Advanced Great Plains 8.0 Applications. Chapter 13: Letter Writing Assistant. Chapter 14: SmartList. Project 5: Student-Designed Project. Appendix A: Troubleshooting Installation. Appendix B: Review of Accounting Principles. Appendix C: Glossary. Index Accounting Intermediate Accounting COMPUTER ACCOUNTING USING MYOB VERSION 15 9th Edition By Bill Neish, Macquarie University-South Western Sydney Institute of TAFE and George Kahwati, Northern Sydney Institute of TAFE 2005 (December 2005) ISBN-13: 978-0-07-471639-7 / MHID: 0-07-471639-5 McGraw-Hill Australia Title Computer Accounting Using MYOB Business Software has been written to help students understand how to use the latest MYOB software, beyond learning which buttons to press, so they will be better equipped to use it in their professional lives. It comes with a free student CD-ROM containing Student Editions of MYOB Accounting Plus v15, MYOB Premier v9 and MYOB AssetManager Pro v3, as well as a student help guide, a chapter on ergonomics, and all the data files necessary to complete the exercises in the textbook. The authors have retained the user-friendly style of previous editions, with clear step-by-step instructions, abundant MYOB screen images, competency skills checklists, self-test questions and answers, and concise practical examples. This edition retains the popularly demanded material on, BAS statements, advanced GST, and Balance Day Adjustments, to more closely complement the structure of computerised accounting courses. The new edition fully encompasses the changes to the payroll features of the latest edition of the software. These changes make payroll processing much easier for students and other users of MYOB business software. A popular textbook for computerised accounting courses at all levels, the text will be suitable for computerised accounting course on MYOB Accounting Plus and AssetManager. Contents Chapter 1 Introduction to MYOB Accounting Plus. Chapter 2 GST Basics. Chapter 3 General Ledger. Chapter 4 Cash Transactions. Chapter 5 Accounts Receivable. Chapter 6 Accounts Payable. Chapter 7 Inventory and Integration. Chapter 8 Payroll. Chapter 9 MYOB Asset Manager Pro. Chapter 10 Categories and Jobs (Chapter on accompanying student CD). Chapter 11 Ergonomics (Chapter on accompanying student CD). Chapter 12 Help (Chapter on accompanying student CD). Appendix A – Abridged Help Chapter. Appendix B – Abridged Ergonomics Chapter. Table of Icons and Symbols. Table of Abbreviations and Field Names. Using the Keyboard with MYOB Accounting. Glossary. GST Glossary. Index International Edition New INTERMEDIATE ACCOUNTING 4th Edition By J David Spiceland, University of Memphis and James Sepe, Santa Clara University and Lawrence Tomassini, Ohio State University 2007 (March 2006) / 1248 pages ISBN-13: 978-0-07-321400-9 / MHID: 0-07-321400-0 (Vol 1, Chapter 1-12) ISBN-13: 978-0-07-293337-6 / MHID: 0-07-293337-2 (Vol 2, Chapter 13-22) ISBN-13: 978-0-07-110535-4 [IE] / 0-07-110535-2 [IE] Website: http://www.mhhe.com/spiceland4e Adopters and reviewers praise Intermediate Accounting, 4e, by Spiceland/Sepe/Tomassini for its superior readability, strong supplements package/learning system, good EOC, real-world flavor, consistent quality; and high student engagement. SST 4e will gain support in both traditional and progressive accounting departments, especially those looking for a more concise, decision-making text that reinforces challenging concepts. At 1250 pages (200 pages shorter than the market leader), SST 4e has not sacrificed content for pages. Instead, the authors have created a flexible text with a student friendly writing style that focuses on explaining not only how to apply a procedure, but why it’s applied. SST 4e is built around a “Learning System” designed to prepare students for the new CPA exam and the business world, by emphasizing decision making. Acknowledging the diversity of students and their learning styles, the authors have created a clear text and varied supplemental materials to aid the success of every student. SST 4e also provides a flexible and consistent supplemental package for instructors. New to this edition CPA Simulations Students sitting for the new computerized CPA exam will confront an interface unlike any they’ve worked with before; from finding information in the database to entering data into a spreadsheet, the CPA exam doesn’t look or act like any other software program. Spiceland’s new Kaplan CPA Simulations allow students to practice intermediate accounting concepts in a Web-based interface identical to that used in the actual CPA exam. Tied to appropriate chapters in the book as part of the end of chapter material, and available for completion on the OLC, these simulations give students an opportunity to develop the skills necessary for success both on the exam, and in the accounting profession—analysis, judgment, understanding, research, and communication. Brief Exercises. A much-requested feature, these new Brief Exercises appear in the end-of-chapter material, where they offer the opportunity for concise, step-by-step reinforcement before moving on to more complex exercises. INVITATION TO PUBLISH McGraw-Hill is interested in reviewing manuscript for publication. Please contact your local McGraw-Hill office or email to asiapub@mcgraw-hill.com Visit McGraw-Hill Education (Asia) Website: www.mcgraw-hill.com.sg Currency. The fourth edition fully integrates all the latest FASB opinions and statements, including “Accounting Changes and Error Corrections” (issued December 15, 2003) , “Share-Based Payment” (issued March 31, 2004), and Chapter 10 has been rewritten to accommodate FASB Statement No. 153, “Exchanges of Nonmonetary Assets—An Amendment of APB Opinion No. 29.” Newer pronouncements will be incorporated into and updated edition, with all relevant content fully revised to reflect any changes. FASB Statement No. 123 (revised 2004), Share-Based Payment requires fair value accounting for employee stock options, eliminating altogether the popular intrinsic value approach and reducing reported earnings for most companies. We have rewritten our coverage of sharebased compensation and moved it to the new Chapter 19, preceding discussions of earnings per share. 33 Accounting Based on reviewer and user feedback, the authors revised a pedagogical technique used in Chapter 12: Investments. The discussion of fair value adjustments for available-for-sale securities uses a valuation account rather than the previous approach of increasing or decreasing the investment account directly. The primary advantage of this approach is its ability to deal with the situation when a bond is classified as available-for-sale to allow making a market adjustment separate from amortizing a discount or premium. Author-Written Supplements and EOC–Unlike many other texts on the market, the Spiceland author team provides consistency and tight text correlation by writing every major supplement themselves: Coach, Study Guide, Instructor’s Manual, Solutions Manual, Test Bank, and Website content are all created by the authors, ensuring seamless compatibility throughout the Spiceland learning package. The end-ofchapter material, too, is written by the author team and tested in their own classes before being included. Statement of Cash Flows: Coverage of the indirect method of presenting cash flows from operating activities has been expanded to include more discussion and an illustration. The concept review exercise has been revised to also include the indirect method, and end-of-chapter materials have been added. The last chapter in the text – The Statement of Cash Flows Revisited – continues to be devoted entirely to in depth coverage of the statement of cash flows. Early coverage of Earnings Management/Earnings Quality. As one of the hottest topics in the news today, Earnings Quality refers to the ability of reported earnings (income) to predict a company’s future earnings. Financial analysts evaluate a company’s earnings quality by attempting to separate a company’s transitory earnings effects from its permanent earnings. This analysis is critical to investment decisions. Coverage of earnings management is introduced in chapter 4, and then integrated throughout as appropriate to helps students spot potential earnings management situations—critically important for future auditors. Expanded coverage of Sarbanes-Oxley in Chapter 1, with additional coverage of Sarbanes-Oxley Section 404 in the internal control material of Chapter 7. CMA Exam Questions. Each chapter now includes a set of multiple choice questions pertaining to issues in those chapters that have appeared in previous Certified Management Accountants (CMA) exams. These not only provide students with additional practice on questions in multiple choice format, but also make them aware of the alternative certification route many of them will take as they pursue careers in corporate accounting. Written by the authors, all EOC material has been thoroughly revised, and now includes more application and analysis problems encouraging students to see the bigger picture, and understand the impact of transactions on financial statements. Federal Express Financial Statements. These financial statements figure prominently in many of the text’s key exercises. In response to feedback from our users, we’ve moved them to their own appendix at the back of the book, making them easier to reference. Present Value Tables. Another feature of previous editions, the Present Value Tables have been moved to the back end sheets to make them easier for students and instructors to refer to, regardless of which Intermediate Accounting configuration they are using. Computerized Testbank with Algorithmic Problem Generator. New to the 4th edition computerized testbank is an algorithmic problem generator enabling instructors to create similarly structured problems with different values, allowing every student to be assigned a unique quiz or test. The user-friendly interface allows faculty to easily create different versions of the same test, change the answer order, edit or add questions, and even conduct online testing. Features Clarity – Spiceland is praised for its readability and ability to explain both simple and complex topics in language that is clear and approachable. Students and instructors will enjoy its conceptual emphasis that successfully explains not just how to account for something, but why you account for it in a particular manner. Decision-Making Perspective –SST 4e provides a decision maker’s perspective to emphasize the professional judgment and critical thinking skills required of accountants today. This text addresses the issues of how creditors use information, determine which information is useful to investors, and why managers choose a particular accounting method over an allowable alternative. By the end of this course, students will be able to use accounting information to make decisions, understand financial reporting issues, and most importantly, critically evaluate reporting alternatives. Flexibility – The author team has organized the chapters modularly so basic concepts are covered early in the chapter, while more difficult concepts can be studied later, or skipped completely. With other encyclopedic texts, this can be very difficult for instructors to accomplish. 34 Coach CD-ROM – Fully integrated throughout the text, the award winning Coach CD is an interactive tool to help students understand some of the more difficult topics in Intermediate Accounting. Audionarrated, animated illustrations walk students through challenging topics in each chapter and help visual learners comprehend difficult topics in an environment that is more suitable to their learning needs. Follow-up quizzing, allows students to test what they’ve learned in each illustration. Designed specifically for the Spiceland text, instructors and students will find icons placed alongside topics expanded upon on the Coach CD. For the 4th edition of Spiceland, Coach will be available online as well. Chapter opening Financial Reporting Cases – Each chapter opens with a Financial Reporting Case that places the students in the role of the decision-maker. These cases will help students understand why and how the material covered in a given chapter is applied in business. Questions relating to these cases are placed appropriately throughout the chapter where the learned concepts can be applied. Solutions to these questions are located in the End-of-Chapter material. Ethical Dilemmas – Ethical boxes are integrated throughout the text and are intended to create a necessary awareness of accounting issues with ethical ramifications. Great for classroom discussions, they ask students to consider situations dealing with fraud, accounting for contingencies, and post-retirement pension plans. Global Perspectives – Reflecting our increasingly global business environment, International boxes integrated throughout the text to give students a sense of how accounting is used in other countries. Additional Consideration boxes provide students with more detail on selected topics such as understanding ratios, LIFO/FIFO, and goodwill. Concept Review Exercises w/solutions – Included within every chapter for each core issue discussed. Reinforce the understanding of chapter material, and allow students to apply concepts and procedures learned in earlier chapters before attempting homework assignments. SST 4e integrates critical thinking cases that allow students to develop their research, analysis, judgment, and communication skills, as well as work in a team, integrate what they’ve learned, apply their knowledge to real world situations, and consider the global and ethical ramifications of their decisions through the following 9 case types: Research Cases, Analysis Cases, Judgment Cases, Communication Cases, RealWorld Cases, Ethics Cases, International Cases, Integrating Cases, and Trueblood Accounting Cases. Extensive Web Site – http://www.mhhe.com/spiceland4e . Students can find helpful resources such as practice exams, assignment solutions, CPA simulations, articles related to chapter topics, Real World Electronic Cases, present value tables, link to FASB pronouncement summaries, link to IASC web site, and other useful references. Instructors will find additional assignment materials, an Instructors’ Resource Manual, modifiable teaching transparency masters, Power Point Presentations, FASB updates, and more. Uniquely, the authors are responsible for updating the content of the website, making changes to such items as the FASBs and supplement package easy and allowing students and instructors to have the most up-to-date material available. Accounting CONTENTS The Role of Accounting as an Information System 1 Environment and Theoretical Structure of Financial Accounting 2 Review of the Accounting Process 3 The Balance Sheet and Financial Disclosures 4 The Income Statement and Statement of Cash Flows 5 Income Measurement and Profitability Analysis 6 Time Value of Money Concepts Economic Resources 7 Cash and Receivables 8 Inventories: Measurement 9 Inventories: Additional Issues 10 Operational Assets: Acquisition and Disposition 11 Operational Assets: Utilization and Impairment Financial Instruments 12 Investments 13 Current Liabilities and Contingencies 14 Bonds and Long-Term Notes 15 Leases 16 Accounting for Income Taxes 17 Pensions and Other Postretirement Benefits Additional Topics 18 Shareholders’ Equity 19 Share-Based Compensation and Earnings per Share 20 Accounting Changes and Error Corrections 21 The Statement of Cash Flows Revisited / Appendix A: Derivatives / Appendix B: FedEx Financial Statements / Glossary / Index International Edition FINANCIAL REPORTING AND ANALYSIS By David A Guenther, University of Colorado-Boulder 2005 (Jan 2004) ISBN-13: 978-0-07-295420-3 / MHID: 0-07-295420-5 (with OLC and PowerWeb Card) - Out of Print ISBN-13: 978-0-07-125249-2 / MHID: 0-07-125249-5 [IE with OLC] Website: http://www.mhhe.com/guenther1e Financial Reporting and Analysis, 1e, by David Guenther was written for instructors wanting to emphasize a more conceptual framework to their intermediate accounting course. Financial Reporting and Analysis examines financial reporting through the lens of economic theory, giving students a way of understanding how all the rules relate to each other, and to the overall goal of financial reporting. This text also provides students with how financial information is used, giving students a better framework about how particular rules relate to the whole structure of financial reporting. Finally, David Guenther wrote this text to be rigorous in terms of topic coverage, while at the same time avoiding much of the detail that seems to overwhelm students. While reviewing you will find that we did not strip down or simplify a traditional intermediate accounting text, but rather challenge students with concepts and ideas rather than details and rules. CONTENTS 1. The Economics of Accounting Information 2. Accrual Accounting and the Income Statement 3. The Balance Sheet: Market Value versus Historical Cost 4. The Cash Flows Statement and the Importance of Cash Flows 5. Notes Receivable, Notes Payable, and the Time Value of Money 6. Timely Reporting: Recognizing Future Bad News Early 7. Product Costs: Inventories and Cost of Goods Sold 8. Allocating the Cost of Property and Equipment 9. Allocating for Income Taxes 10. Investments in Intangible Assets 11. Investments in Other Companies 12. Investments in Other Companies 13. Financial Instruments and Derivative Security 14. Pension and Other Postemployment Benefits 15. Shareholders’ Equity 16. Earnings ManagementAppendixes A. Who Makes Accounting Standards and Why Do They Do It? B. Recording Accounting Transactions International Edition INTERMEDIATE ACCOUNTING 5th Edition By Thomas R Dyckman, Cornell University, Roland E Dukes, University of Washington, and Charles J Davis, California State University, Sacramento 2001 / 1400 pages ISBN-13: 978-0-07-241066-2 / MHID: 0-07-241066-3 (Out of Print) ISBN-13: 978-0-07-118112-9 / MHID: 0-07-118112-1 [IE] Website: http://www.mhhe.com/business/accounting/dyckman5e CONTENTS PART I. FOUNDATION AND REVIEW Chapter 1. The Environment of Accounting. Chapter 2. The FASB’s Conceptual Framework of Accounting. Chapter 3. Review: The Accounting Information Processing System. Chapter 4. Review: The Income Statement and the Retained Earnings Statement. Chapter 5. Review: The Balance Sheet and the Statement of Cash Flows. Chapter 6. Interest: Concepts of Future and Present Value. PART II. ASSET RECOGNITION AND MEASUREMENT Chapter 7. Revenue and Expense Recognition. Chapter 8. Cash and Receivables. Chapter 9. Inventory: Basic Valuation Methods. Chapter 10. Inventory: Alternative Valuation Methods. Chapter 11. Operational Assets: Acquisition, Disposal, and Exchange. Chapter 12. Operational Assets: Depreciation and Impairment. Chapter 13. Intangible Assets and Natural Resources. Chapter 14. Investments in Debt and Equity Securities. PART III. LIABILITIES Chapter 15. Short-Term Liabilities. Chapter 16. Long-Term Liabilities. Chapter 17. Accounting for Leases. Chapter 18. Accounting for Pensions and Other Post-employment Benefits. Chapter 19. Accounting for Income Taxes. PART IV. OWNERS’ EQUITY Chapter 20. Corporations: Contributed Capital. Chapter 21. Corporations: Retained Earnings and Stock Options. Chapter 22. Earnings per Share Chapter. PART V. SPECIAL TOPICS Chapter 23. Statement of Cash Flows. Chapter 24. Accounting Changes and Error Corrections. Chapter 25. Special Topics: Disclosures, Segment Reporting, Interim Reporting. Intermediate Accounting Software New BUSINESS ACTIVITY MODEL STUDENT CD 3rd Edition Anthony H Catanach, Villanova University and Connie EsmondKiger, Ohio University-Athens 2007 (May 2006) ISBN-13: 978-0-07-321824-3 / MHID: 0-07-321824-3 Website: http://www.mhhe.com/bam What is the BAM? The Business Activity Model (BAM) emphasizes financial disclosure and technical research as well as those accounting topics commonly found in traditional intermediate courses. Students mimic the accounting and financial reporting processes found in the “real world” by conducting analytical reviews, soliciting information from clients, preparing adjusting and correcting entries, and drafting seven complete sets of financial statements for a fictitious client company. The approach relies heavily on technology to deliver course materials and to organize and promote class discussion. 35 Accounting CONTENTS Topical Coverage in the BAM, 3/e: Year 1: Accrued Revenues and Expenses; Start-up Costs; Accounting for NOLs; Intangible Asset (License); Common Stock; EPS Calculations; Complete Set of F/S with Note Disclosures; Review vs. Audit. Year 2: Revenue Recognition; Allowance for D/A and Bad Debt Expense; PPE and Depreciation Methods; Capitalized Interest; Deferred Taxes; Notes Payable, Interest Accrual and Covenants; Comparative F/S with New Disclosures; Present Value Calculations. Year 3: Repairs and Maintenance vs. Additions; Capital Leases; Investment Securities; Pension Accounting; New Deferred Taxes; Permanent Tax Difference; New Disclosures; Other Comprehensive Income. Year 4: Optional Proof of Cash; Repairs and Maintenance vs. Replacements; Equity Method Securities; LCM Inventory Valuation; Inventory Cut-Off Errors; Audit vs. Review; New Disclosures; Optional Tax Return. Year 5: Preferred Stock—Company Goes Public; Dividend Allocation; Change from Equity Method to Cost Method; Freight Allocation; Segment Reporting; Two-Class and Diluted EPS; New Disclosures; Optional Tax Return. Year 6: Change in Depreciation Method; Warranty Expense; Business Combination; Goodwill and Impairment; Stock Split; Optional Non-monetary Transactions; New Disclosures; Optional Tax Return. Year 7: LIFO vs. FIFO Liquidation; Overhead Allocation to Inventory; Research and Development; New Deferred Taxes; Correction of Error; F/S Restatement; New Disclosures; Optional Construction Accounting.. New UNDERSTANDING CORPORATE ANNUAL REPORTS 6th Edition By William R Pasewark, Texas Tech University 2007 (September 2005) / 56 pages ISBN-13: 978-0-07-310181-1 / MHID: 0-07-310181-8 Website: http://www.mhhe.com/pasewark06 In this project the student obtains and analyzes an annual report from a publicly traded corporation. Activities include: identifying corporate operations, gaining familiarity with the financial data presentation, recognizing trends, calculating ratios, and performing industry and primary competitor comparisons. This project takes approximately 8 to 20 hours to complete (average 10 hours). NEW TO THIS EDITION Intermediate Accounting Supplements Includes improved graphing grids to help students identify trends in revenues, cash flows, outstanding shares, stock prices, and seasonal data Updated to address changes in accounting standards for stock options, changes in accounting principle, and pension disclosures Includes instructions on how to access FASB pronouncements as they appear on the internet SCHAUM’S OUTLINE OF INTERMEDIATE ACCOUNTING I 2nd Edition By Baruch Englard, College of Staten Island-City University of New York 2007 (November 2006) / 336 pages ISBN-13: 978-0-07-146973-9 / MHID: 0-07-146973-7 A Schaum Professional Publication Features Provides extensive instructions on how to obtain annual report data from a corporation Instructs students on how to obtain industry and competitor data Emphasizes internet access to corporate web sites; includes search words to help locate internet data quickly The high-performance study guides that help you cut study time, hone problem-solving skills, and achieve top scores on exams! Success adds up when you choose Schaum’s. In 2001, the Federal Accounting Standards Board implemented new guidelines for financial accounting. This second edition of Schaum’s Outline of Intermediate Accounting I has been meticulously updated to reflect all changes. Guides students through topics as complex as comprehensive income, pensions and post-retirement benefits, LIFO reserves, and income tax deferrals Contents Introduces students to the SEC’s EDGAR database Ch 1: Review of the Accounting Process Ch 2: The Income Statement and Retained Earnings Statement Ch 3: The Balance Sheet Ch 4: The Conceptual Framework of Accounting Theory Ch 5: The Time Value of Money Ch 6: Cash and Temporary Investments Ch 7: Receivables Ch 8: Inventories: General Topics Ch 9: Inventories: Additional Issues and methods Ch 10: Property, Plant, and Equipment Ch 11: Depreciation and Depletion Ch 12: Intangible Assets Ch 13: Current Liability Contains extensive instructional and grading suggestions, and a 50question follow-up examination. (Found in the Instructor’s Manual.) 36 Includes an optional Excel spreadsheet that aids the student in performing ratio analysis, competitor analysis, trend analysis, and analysis of seasonality (see www.mhhe.com/pasewark06). CONTENTS The Purpose of this Project / Getting Started / Instructions / Getting Acquainted with the Annual Report / General Information / Internet Information / The Primary Financial Statements / Income Statement 6 / Balance Sheet 10 / Cash Flow Statement 12 / Statement of Changes in Stockholders’ Equity 14 / Notes and Supporting Schedules to the Financial Statements 16 / Report of the Independent Accountants 30 / Ratio Analysis 32 / Analysis of Profitability 32 / Analysis of Liquidity 37 / Analysis of Solvency 39 / Industry or Competitor Comparisons 41/ Making Decisions Based on the Annual Report 44 / Appendix A – Obtaining Annual Financial Data 47 / Appendix B – Obtaining Data for Industry Comparisons 48 / Appendix C – Financial Analysis Using Excel 49 Accounting ACCOUNTANCY FOR CA PROFESSIONAL EXAMINATION II 2nd Edition By PC Tulsian 2005 / 1356 pages ISBN-13: 978-0-07-060428-5 / MHID: 0-07-060428-2 Tata McGraw-Hill Title CONTENTS 1. Accounting for Partnership Firms--Fundamentals 2. Accounting for Partnership Firms--Admission of a Partner 3. Accounting for Partnership Firms--Retirement/Death of a Partner 4. Accounting for Partnership Firms--Dissolution of a Firm 5. Accounting for Partnership Firms--Insolvency, Piecemeal Distribution, Amalgamation, and Sale and Conversion 6. Insolvency Accounts of Non-corporate Entities 7. Accounting for Hire Purchase, Instalment Purchase and Leases 8. Accounting for Branches and Departments 9. Accounting from Incomplete Records 10. Investment Accounts 11. Contract Accounts 12. Agricultural Farm Accounting 13. Accounting for Share Capital 14. Redemption of Redeemable Preference Shares 15. Accounting for Debentures 16. Redemption of Debentures 17. Underwriting 18. Acquisition of Business and Profits Prior to Incorporation 19. Final Accounts of a Company 20. Amalgamation, Absorption and External Reconstruction 21. Internal Reconstruction 22. Final accounts of Banking Companies 23. Final Accounts of Life Insurance Companies 24. Final Accounts of General Insurance Companies 25. Final Accounts of Electricity Companies 26. Liquidation of Companies 27. Cash Flow Statement 28. Notes on Accounting Standards / Appendix I--Important Distinctions Appendix II--Important Short Notes Appendix III--Important Descriptive Questions Appendix IV: Previous Years Questions Papers of PE II Examinations Appendix V: CA PE II May 2005 Question Papers Cost Accounting / Cost Management International Edition New COST MANAGEMENT A Strategic Emphasis, 4th Edition Edward Blocher, University of NC-Chapel Hill, David Stout, Gary Cokins, Kung Chen, Univeristy of Nebraska-Lincoln 2008 (October 2006) / 960 pages ISBN-13: 978-0-07-312815-3 / MHID: 0-07-312815-5 ISBN-13: 978-0-07-110111-0 [IE] / MHID: 0-07-110111-X [IE] Cost Management: A Strategic Emphasis, by Blocher/Stout/ Cokins/Chen is the first cost accounting text to offer integrated coverage of strategic management topics in cost accounting. The text is written to help students understand more about management and the role of cost accounting in helping an organization succeed. This text aims to teach management concepts and methods, and to demonstrate how managers use cost management information to make better decisions and improve their organization’s competitiveness. In teaching these key management skills, the text takes on a strategic focus. It addresses issues such as: How does a firm compete? What type of cost management information is needed for a firm to succeed? How does the management accountant develop and present this information? This text helps students learn why, when, and how cost information is used to make effective decisions that lead a firm to success. New to this edition New Co-Author: David E. Stout has joined the Blocher author team for the fourth edition. Dr. Stout brings years of teaching experience at Rider University, Villanova University, and most recently Youngstown State University, to this new edition. He served previously as editor of Issues in Accounting Education and serves currently as an Associate Editor of the Journal of Accounting Education. David earned his Ph.D. (1982) from the University of Pittsburgh and teaches primarily in the cost/managerial accounting area. New brief exercises (10-12 per chapter) provide a valuable resource for the instructor to ask short questions, most of which require a short calculation. These can be used to assess student preparation of the material or to begin the class discussion with some focused questions on the chapter material. In contrast to the questions, the brief exercises focus on calculation; in contrast to the exercises, they can be used in class without prior assignment to the students. New Excel Solutions Manual (available on the IRCD and online), is provided for all end-of-chapter problems and exercises. This manual is provided in two versions: an instructor version (containing both data inputs and solutions) and a student version (containing data inputs only). Instructors now have the flexibility to make assignments where students prepare Excel solutions to any exercise or problem in the text. Because all input data are provided to students, data-entry errors on the part of students are minimized--all students begin each spreadsheet assignment with the same set of data. At the instructor’s discretion, completed spreadsheets can be printed or posted to the Web for access by students. New Enhanced Test Bank featuring new multiple-choice questions and problems linked to learning objectives, level of difficulty, and AACSB Assurance of Learning Standards. New cases are provided for use with the activity-based software of SAS Institute; improvements have been made in the tutorials and materials for increased ease-of-use, by students and instructors alike. New Real-World Focus examples appear throughout the text. New exercises and problems have been added to most chapters to reflect significant textual revisions. A careful and thorough edit of each chapter has substantially streamlined the readability and currency of the book. Features Significant, integrative focus on strategy. Each topic in the text is viewed as it supports the firm’s efforts to become more competitive and successful. The unique aspect of this book is that the strategic emphasis is integrated throughout the text, in contrast to other texts which treat it as an additional topic, if at all. As before, using strategy we focus on WHY we cover each topic (in addition to the WHAT and HOW), in contrast to most texts that focus only on the WHAT and HOW. The book is organized to emphasize the role of cost management information in each of the management functions--strategic management, planning and decision-making, operational control, and management control. In this way, each cost management method is clearly linked not only to the firm’s overall strategy, but also to the management function that uses the method. Activity-based costing is integrated throughout the text by using examples and problem material in cost-volume profit analysis, relevant cost decision-making, process costing, operational, and management control. The SAS ABC software is also fully integrated with the text, ensuring students’ success at using modern cost accounting technology. Contents PART ONE: INTRODUCTION TO COST MANAGEMENT 1: Cost Management and Strategy: An Overview 2: Implementing Strategy: The Balanced Scorecard and the Value Chain 3: Basic Cost Management Concepts 4: Job Costing 5: Activity-Based Costing and Management PART TWO: MANAGEMENT PLANNING AND DECISION MAKING 6: Cost Estimation 7: Cost-Volume-Profit Analysis 8: Strategy and the Master Budget 9: Decision Making with Relevant Costs and a Strategic 37 Accounting Emphasis 10: Cost Planning For The Product Life Cycle: Target Costing, Theory Of Constraints, and Strategic Pricing PART THREE: PROCESS COSTING AND COST ALLOCATION 11: Process Costing 12: Cost Allocation: Service Departments and Joint Product Costs PART FOUR: OPERATIONAL CONTROL 13: The Flexible Budget and Standard Costing: Direct Materials and Direct Labor 14: The Flexible Budget: Factory Overhead 15: The Flexible Budget: Further Analysis of Productivity and Sales 16: The Management and Control of Quality PART FIVE: MANAGEMENT CONTROL 17: Management Control and Strategic Performance Measurement 18: Strategic Investment Units and Transfer Pricing 20: Capital Budgeting PART SIX: ADVANCED TOPICS IN COST MANAGEMENT 19. Management Compensation, Business Analysis, and Business Valuation 20. Capital Budgeting International Edition New COST ACCOUNTING Principles and Applications, 7th Edition By Horace R Brock, University of North Texas, Linda Herrington and La Vonda G Ramey of School Craft College 2007 (August 2006) / 704 pages ISBN-13: 978-0-07-298248-0 / MHID: 0-07-298248-9 ISBN-13: 978-0-07-111560-5 / MHID: 0-07-111560-9 [IE] International Edition cost management Strategies for Business Decisions, 3rd Edition By Ronald W. Hilton, Cornell University—Ithaca, Michael W. Maher, University of California at Davis and Frank Selto, University of Colorado—Boulder 2006 (December 2004) / 960 pages ISBN-13: 978-0-07-283008-8 / MHID: 0-07-283008-5 ISBN-13: 978-0-07-111597-1 [IE] / MHID: 0-07-111597-8 [IE] Website: www.mhhe.com/hilton3e Hilton/Maher/Selto (HMS) addresses traditional cost concepts, but makes cost accounting functional by focusing on measuring and managing costs. HMS maintains that, “Costs don’t just happen,” and with a pro-active approach toward costs, accountants can add value to an organization. The real-world approach of this text, including the use of focus companies and the accompanying focus sites, provides a realistic business environment, and aids in student comprehension and interest in the subject. Contents Hilton, Maher, and Selto: Cost Management, 3/e — Part I Setting the Strategic Foundation: The Importance of Analyzing and Managing Costs / Part II Activity-Based Management / Part III Process Costing and Cost Allocation / Part IV Planning and Decision Making / Part V Evaluating and Managing Performance Creating and Managing Value-Added Effort Glossary Bibliography Index Website: http://www.mhhe.com/brock7e Features Short learning segments make it easier for students to learn and understand the material. Objectives, key terms, and an introduction appear at the beginning of each chapter. Self-Review Questions appear throughout with answers at the end of every chapter. Critical Thinking Questions ask students to really assess how cost management issues impact the making of business decisions. A full chapter is included on how to use cash flow data. Learning objectives are provided at beginning of each chapter and then cited throughout the book; in the margins as those objectives are presented in the text. Vignettes illustrate contemporary cost accounting trends. Contents Part 1 Chapter 1 Monitoring Costs Chapter 2 Purchasing Materials Chapter 3 Storing and Issuing Materials Chapter 4 Controlling and Valuing Inventory Chapter 5 Timekeeping and Payroll Chapter 6 Charging Labor Costs into Production Chapter 7 Departmentalizing Overhead Costs Chapter 8 Setting Overhead Rates Chapter 9 Applying Manufacturing Overhead Chapter 10 Completing the Cost Cycle and Accounting for Lost Materials Part 2 Chapter 11 Process Cost System – Production Data and Cost Flow Chapter 12 Average Costing of Work in Process Chapter 13 Units Lost or Increased in Production Chapter 14 First In, First Out (FIFO) Costing of Work in Process Chapter 15 Accounting for By-Products and Joint Products Part 3 Chapter 16 The Analysis of Cost Behavior Chapter 17 Budgeting Chapter 18 Standard Costs: Materials and Labor Chapter 19 Manufacturing Overhead Standard Costs: Completing the Accounting Cycle for Standard Costs Chapter 20 Cost-Volume-Profit Analysis Chapter 21 Analysis of Manufacturing Costs for Decision Making Chapter 22 Cost Accounting for Distribution Activities and Service Businesses Chapter 23 Decision Making – Capital Investment Decisions 38 International Edition FUNDAMENTALS OF COST ACCOUNTING By Michael W. Maher, University of California at Davis, William N. Lanen, University of Michigan—Ann Arbor and Madhav V. Rajan, Stanford University 2006 (December 2004) / 608 pages ISBN-13: 978-0-07-301837-9 / MHID: 0-07-301837-6 ISBN-13: 978-0-07-111618-3 / MHID: 0-07-111618-4 [IE with CD, NetTutor, OLC and PowerWeb] Website: http://www.mhhe.com/maher1e A direct, realistic, and efficient way to learn cost accounting. Fundamentals is short (736 pages) making it easy to cover in one semester. The authors have kept the text concise by focusing on the key concepts students need to master. Opening vignettes and In Action boxes show realistic applications of these concepts throughout. The Topic Tackler CD reinforces this realism with video clips of different businesses that use cost accounting. Comprehensive end-of-chapter problems plus Homework Manager provide students with all the practice they need to fully learn each concept. Contents 1 Cost Accounting: Information for Decision Making Chapter One Cost Accounting: Information for Decision Making Chapter Two Cost Concepts and Behavior Chapter Three Fundamentals of Cost Analysis Chapter Four Cost Estimation Chapter Five Fundamentals of Product and Service Costing Chapter Six Job Costing Chapter Seven Process Costing Chapter Eight Activity-Based Costing Chapter Nine Fundamentals of Cost Management Chapter Ten Service Department and Joint Cost Allocation Chapter Eleven Fundamentals of Management Control Systems Chapter Twelve Planning and Budgeting Chapter Thirteen Business Unit Performance Measurement Chapter Fourteen Transfer Pricing Chapter Fifteen Performance Evaluation: Variances Chapter Sixteen Nonfinancial and Multiple Measures of Performance Evaluation / Appendix: Capital Investment Decisions: An Overview / Glossary / Index Accounting Cost Accounting Supplements SCHAUM’S OUTLINE OF COST ACCOUNTING 3rd Edition By Ralph S Polimeni, Hofstra University 1994 ISBN-13: 978-0-07-011026-7 / MHID: 0-07-011026-3 A Schaum Publication College Accounting New COLLEGE ACCOUNTING Student Edition, 11th Edition By John Ellis Price, University of North Texas, M. David Haddock, Chattanooga St. Tech College and Horace R. Brock, University of North Texas 2007 (December 2005) / 576 pages ISBN-13: 978-0-07-319680-0 / MHID: 0-07-319680-0 (Chapters 1-13) ISBN-13: 978-0-07-322938-6 / MHID: 0-07-322938-5 (Chapters 1-13 with Home Depot Annual Report) ISBN-13: 978-0-07-319682-4 / MHID: 0-07-319682-7 (Chapters 1-25) ISBN-13: 978-0-07-322937-9 / MHID: 0-07-322937-7 (Chapters 1-25 with Home Depot Annual Report) ISBN-13: 978-0-07-322936-2 / MHID: 0-07-322936-9 (Chapters 1-32 with Home Depot 2004 Annual Report) Glencoe/McGraw-Hill Title Website: http://www.mhhe.com/price11e Price/Haddock/Brock has been a long-time market leader because of its readability and relevance. The book includes many real-world examples, high-interest problems and activities, intext help, and classroom-tested dynamic pedagogy. With the addition of McGraw-Hill’s Homework Manager, Topic Tackler Plus, and an Algorithmic Test Bank, the new edition includes more technology support than ever before. New to this edition New Algorithmic Test Bank includes a problem generator that replicates the structure of test bank problems with unique numbers. Instructors can reuse exams and change the numbers every time. Bundled with the 2004 Home Depot Annual Report. Questions throughout the book refer students back to the annual report to give them practice working with real financial statements. All illustrations, examples, and problems have been updated throughout the text. Continuation problems, carrying over from one chapter to another, have been introduced in the end-of-chapter material to reinforce learning objectives. Coverage on debit cards and online banking has been added in Chapter 9 to reflect contemporary trends in banking. Discussion of bank fraud and identify theft has also been added. Coverage of the Sarbanes Oxley Act and discussion of the following organizations has been included in Chapter 14: The American Institute of Certified Public Accountants (AICPA), Federal and State Agencies Other Than the SEC, Other Organizations in the United States, and The International Accounting Standards Board. Chapter 15 has been reorganized for better continuity. Chapter 18 has been updated and re-sequenced to flow more logically. The section on early retirement of bonds in Chapter 22 has been rewritten to improve students’ understanding. The discussion of variance analysis of manufacturing overhead in Chapter 31 has been rewritten to give the student an overall approach to this variance analysis. Problem Sets A and B, Challenge Problems, and Mini-Practice Sets conclude with an Analyze question asking the student to evaluate each problem critically. Features In-Text Worksheet Transparencies: Chapter 5 contains a special worksheet illustration using multiple overlay transparencies to highlight step-by-step procedures for the preparation of worksheets. Business Transaction Analysis Models: Show how to properly analyze and record business transactions. Step-by-step transaction analysis illustrations show how to identify the appropriate general ledger accounts affected, determine debit or credit activity, present the transaction in T-account form, and record the entry in the general journal. The Bottom Line: Appear in the margins alongside select transactions and concepts in the text. These visuals offer a summary of the effects of these transactions – the end result – on the financial statements of a business. Recall and Important!: Recall is a series of brief reinforcements that serve as reminders of material covered in previous chapter that are relevant to the new information being presented. Important! draws students’ attention to critical materials introduced in the current chapter. Managerial Implications: Summarizes the chapter’s accounting concepts from the point of view of the manager. Accounting on the Job and Computers in Accounting features provide research opportunities in the realms of careers, business technologies, and software. International Insights: Accounting issues that provide connections to the global world of business. Self Review: Each section concludes with a Self Review that includes questions, multiple choice exercises, and an analysis assignment. A Comprehensive Self-Review appears at the end of the each chapter. Answers are provided at the end of the chapter. Business Connections: This section of EOC material reinforces chapter concepts from practical and real-world perspectives, including problems requiring critical thinking, business communication, ethical analysis, Internet activities, and teamwork. Two Practice Sets Action Video and Home Team Advantage. CONTENTS 1. Accounting: The Language of Business. 2. Analyzing Business Transactions. 3. Analyzing Business Transactions Using T Accounts. 4. The General Journal and the General Ledger. 5. Adjustments and the Worksheet. 6.Closing Entries and the Postclosing Trial Balance. 7. Accounting for Sales and Accounts Receivable. 8. Accounting for Purchases and Accounts Payable. 9. Cash Receipts, Cash Payments, and Banking Procedures. 10. Payroll Computations, Records, and Payment. 11. Payroll Taxes, Deposits, and Reports. 12. Accruals, Deferrals, and the Worksheet. 13. Financial Statements and Closing Procedures. 14. Accounting Principles and Reporting Standards. 15. 39 Accounting Accounts Receivable and Uncollectible Accounts. 16. Notes Payable and Notes Receivable. 17. Merchandise Inventory. 18. Property, Plant, and Equipment. 19. Accounting for Partnerships. 20. Corporations: Formation and Capital Stock Transactions. 21. Corporate Earnings and Capital Transactions. 22. Long-Term Bonds. 23. Statement Analysis: Comparative Statements. 24. Statement Analysis: Measuring Profitability, Financial Strength, and Liquidity. 25. The Statement of Cash Flows. 26. Internal Control and the Voucher System. 27. Departmentalized Profit and Cost Centers. 28. Accounting for Manufacturing Activities. 29. Job Order Cost Accounting. 30. Process Cost Accounting. 31. Controlling Manufacturing Costs: Standard Costs. 32. Cost-Revenue Analysis for Decision Making. Appendix A: The Home Depot, Inc. Annual Report. Appendix B: Combined Journal Accounting Information Systems New ACCOUNTING INFORMATION SYSTEMS By Robert Hurt, California State Poly U-Pomona 2008 (November 2006) / 352 pages ISBN-13: 978-0-07-319555-1 / MHID: 0-07-319555-3 Features Writing Style/Tone Philosophy. The text emphasizes the art of AIS over its “science.” Structure. The text puts the most important, fundamental topics first, followed by applications in transaction cycles. Nice-to-know topics are included at the end, and can be covered or not at the instructor’s discretion. Content. It eliminates coverage of the systems development life cycle and places greater emphasis on developing students as accountants. The text will incorporate modeling techniques and information technology, but at a level appropriate for accountants rather than CIS majors / professionals. And, as mentioned above, faculty can include some specialized topics if they choose International Edition ENTERPRISE INFORMATION SYSTEMS A Pattern-Based Approach, 3rd Edition By Cheryl Dunn, Florida State University—Tallahassee, J. Owen Cherrington, Brigham Young Univeristy—Provo and Anita Sawyer Hollander, University of Tennessee—Knoxville, Anita Hollander, University of Tulsa, Eric Denna and Jay Owen Cherrington, and Brigham Young University - Provo 2005 / 544 pages ISBN-13: 978-0-07-240429-6 / MHID: 0-07-240429-9 ISBN-13: 978-0-07-125319-2 [IE] / MHID: 0-07-125319-X [IE] Enterprise Information Systems: A Pattern Based Approach, 3e, by Dunn/Cherrington/Hollander presents a pattern-based approach to designing enterprise information systems with a particular emphasis on the enterprise-wide database. This edition is built on the idea that a separation between accounting information systems and management information systems should not exist. We believe patterns help people see the “big picture” of enterprises more clearly and therefore help design better systems. We believe you cannot identify anything that we need to account for that we do not also need to manage; nor can we identify anything we need to manage that we do not also need to account for. In this edition, we will show how a well-designed REA-based Accounting Information System is the Enterprise Information System. CONTENTS Chapter 1: An Introduction to Integrated Enterprise Information Systems Chapter 2: Representation and Patterns: An Introduction to the REA Enterprise Ontology Chapter 3: The REA Enterprise Ontology: Value System and Value Chain Modeling Chapter 4: The REA Enterprise Ontology: Business Process Modeling Chapter 5: Task Level Modeling Chapter 6: Relational Database Design: Converting Conceptual REA Models to Relational Databases Chapter 7: Information Retrieval from Relational Databases Chapter 8: The Sales/Collection Business Process Chapter 9: The Acquisition/Payment Business Process Chapter 10: View Integration and Implementation Compromises View Integration Chapter 11: The Conversion Business Process Chapter 12: The Human Resource Business Process Chapter 13: The Financing Business Process Chapter 14: Introduction to Enterprise System Risks and Controls Chapter 15: ERP Systems and E-Commerce: Intra- and Inter-Enterprise Modeling International Edition ELECTRONIC COMMERCE Security, Risk Management, and Control, 2nd Edition INVITATION TO PUBLISH McGraw-Hill is interested in reviewing manuscript for publication. Please contact your local McGraw-Hill office or email to asiapub@mcgraw-hill.com Visit McGraw-Hill Education (Asia) Website: www.mcgraw-hill.com.sg 40 By Marilyn Greenstein, Arizona State University-West and Miklos Vasarhelyi, Rutgers University, Newark 2002 ISBN-13: 978-0-07-251915-0 / MHID: 0-07-251915-0 (with PowerWeb) - Out of Print ISBN-13: 978-0-07-124064-2 / MHID: 0-07-124064-0 [IE with PowerWeb] Website: http://www.mhhe.com/business/accounting/greenstein2e CONTENTS 1. Overview of Electronic Commerce. 2. The Electronization of Business. 3. B2B Process and Strategies. 4. Electronic Commerce and the Role of Independent Third-Parties. 5. The Regulatory Environment. 6. EDI, Electronic Commerce and the Internet. 7. Risks of Insecure Systems. 8. Risk Management. 9. Internet Security Standards. 10. Cryptography & Authentication. 11. Firewalls. 12. Electronic Commerce Payment Mediums. 13. Intelligent Agents. 14. Web-Based Marketing. Accounting Advanced Accounting Where appropriate within the body of the text, the controversial side of accounting is acknowledged by exploring debates regarding financial reporting and sharing dissenting opinions of official pronouncements. New Real-world examples allow students to make connections with today’s business environment. ADVANCED FINANCIAL ACCOUNTING 7th Edition By Richard E Baker, Northern Illinois University, Valdean C Lembke, University of Iowa-Iowa City and Thomas E King, Southern Illinois University-Edwardsvil 2008 (March 2007) / 1120 pages ISBN-13: 978-0-07-352674-4 / MHID: 0-07-352674-6 (Details unavailable at press time) International Edition Computer projects on consolidations are included in Chapters 3 and 4. New ADVANCED ACCOUNTING 8th Edition By Joe Ben Hoyle, University of Richmond, Thomas Schaefer, University of Notre Dame and Timothy Doupnik, University of South Carolina 2007 (December 2005) / 896 pages ISBN-13: 978-0-07-299188-8 / MHID: 0-07-299188-7 ISBN-13: 978-0-07-110674-0 [IE] / MHID: 0-07-110674-X [IE] Discussion questions help illuminate the practical side of accounting. Library assignments require research and teach students how to find and use information. End-of-chapter materials offer a wide variety of assignments to reinforce important concepts for students. CONTENTS Ch. 1 The Equity Method of Accounting for Investments Ch. 2 Consolidation of Financial Information Ch. 3 Consolidations--Subsequent to the Date of Acquisition Ch. 4 Consolidated Financial Statements and Outside Ownership Ch. 5 Consolidated Financial Statements--Intercompany Asset Transactions Ch. 6 Intercompany Debt, Consolidated Statement of Cash Flows, and Other Issues Ch. 7 Consolidated Financial Statements--Ownership Patterns and Income Taxes Ch. 8 Segment and Interim Reporting Ch. 9 Foreign Currency Transactions and Hedging Foreign Exchange Risk Ch. 10 Translation of Foreign Currency Financial Statements Ch. 11 Worldwide Accounting Diversity and International Accounting Standards Ch. 12 Financial Reporting and the Securities and Exchange Commission Ch. 13 Accounting for Legal Reorganizations and Liquidations Ch. 14 Partnerships: Formation and Operation Ch. 15 Partnerships: Termination and Liquidation Ch. 16 Accounting for State and Local Governments, Part I Ch. 17 Accounting for State and Local Governments, Part II Ch. 18 Accounting for Not-for-Profit Organizations Ch. 19 Accounting for Estates and Trusts Website: http://www.mhhe.com/hoyle8e Advanced Accounting, 8e, by Hoyle/Schaefer/Doupnik updates a successful and comprehensive textbook renowned for its integrated real world examples, student orientation, and popular writing style. The eighth edition adds the latest developments in consolidations, international and governmental accounting, and the CPA exam to produce a textbook that continues to lead the way in currency and readability. New to this edition Two exposure drafts recently revealed by FASB have the potential to markedly change accounting procedures for combined businesses as well as the preparation of combined financial statements. The eighth edition weighs the consequences of these proposed changes in both the main text and the end-of-chapter exercises, giving instructors the opportunity to keep pace with these critical developments. With simulations now accounting for a significant portion of the CPA exam, Advanced Accounting’s new CPA Simulations provide your students with a crucial edge. Built by Kaplan CPA Review, these webbased simulation exercises allow students to practice textbook concepts in an interface identical to that of the actual CPA exam, ensuring they’ll be ready when they sit for the real thing. GASB 34 mandates a new, “dual reporting” practice for state and local governments’ financial statements, and the eighth edition thoroughly explores the impact of that change and makes it more comprehensible to students Features The end-of-chapter material includes numerous questions based on the new computerized CPA exam. Icons identify which of the four CPA skills the question tests (research, analysis, judgment, or communication). COMPLIMENTARY COPIES Complimentary desk copies are available for course adoption only. Kindly contact your local McGraw-Hill Representative or fax the Examination Copy Request Form available on the back pages of this catalog. Visit McGraw-Hill Education Website: www.mheducation.com Three up-to-date chapters of international accounting issues provide ample international coverage for an advanced accounting course. 41 Accounting New FUNDAMENTALS OF ADVANCED ACCOUNTING 2nd Edition By Joe Ben Hoyle, University of Richmond, Thomas Schaefer, University of Notre Dame and Timothy Doupnik, University of South Carolina 2007 (February 2006) / 640 pages ISBN-13: 978-0-07-299192-5 / MHID: 0-07-299192-5 Website: http://www.mhhe.com/hoyle2e Fundamentals of Advanced Accounting, 2/e is ideal for those schools wanting to cover 12 chapters in their advanced accounting course. Typically, this course covers 5-6 consolidations chapters, two foreign currency chapters, two partnership chapters, and 2-3 governmental and not-for-profit chapters. Fundamentals of Advanced Accounting boasts the same great assets that have made the authors’ longer Advanced Accounting a success, including the incorporation of the latest FASB pronouncements, the integration of skill preparation for the new CPA exam, and of course, great authorship. New to this edition Two exposure drafts recently revealed by FASB have the potential to markedly change accounting procedures for combined businesses as well as the preparation of combined financial statements. The second edition weighs the consequences of these proposed changes in both the main text and the end-of-chapter exercises, giving instructors the opportunity to keep pace with these critical developments. With simulations now accounting for a significant portion of the CPA exam, Fundamentals of Advanced Accounting’s new CPA Simulations provide your students with a crucial edge. Built by Kaplan CPA Review, these web-based simulation exercises allow students to practice textbook concepts in an interface identical to that of the actual CPA exam, ensuring they’ll be ready when they sit for the real thing. Chapters 3, 5, 8 and 12 include Kaplan CPA simulation exercises. GASB 34 mandates a new, “dual reporting” practice for state and local governments’ financial statements, and the eighth edition thoroughly explores the impact of that change and makes it more comprehensible to students. Features This short, 12 chapter advanced accounting text contains six consolidations chapters, two foreign currency chapters, two partnership chapters, and two governmental chapters. The end-of-chapter material includes numerous questions based on the new computerized CPA exam. Icons identify which of the four CPA skills the question tests (research, analysis, judgment, or communication). Computer projects on consolidations are included in Chapters 3 and 4. Where appropriate within the body of the text, the controversial side of accounting is acknowledged by exploring debates regarding financial reporting and sharing dissenting opinions of official pronouncements. Real-world examples allow students to make connections with today’s business environment. Discussion questions help illuminate the practical side of accounting. Library assignments require research and teach students how to find and use information. 42 CONTENTS Ch. 1 The Equity Method of Accounting for Investments Ch. 2 Consolidation of Financial Information Ch. 3 Consolidations--Subsequent to the Date of Acquisition Ch. 4 Consolidated Financial Statements and Outside Ownership Ch. 5 Consolidated Financial Statements--Intercompany Asset Transactions Ch. 6 Intercompany Debt, Consolidated Statement of Cash Flows, and Other Issues Ch. 7 Foreign Currency Transactions and Hedging Foreign Exchange Risk Ch. 8 Translation of Foreign Currency Financial Statements Ch. 9 Partnerships: Formation and Operation Ch. 10 Partnerships: Termination and Liquidation Ch. 11 Accounting for State and Local Governments, Part I Ch. 12 Accounting for State and Local Governments, Part II International Edition MODERN ADVANCED ACCOUNTING 10th Edition By E. John Larsen, University of Southern California 2006 (Jan 2005) / 880 pages ISBN-13: 978-0-07-292255-4 / MHID: 0-07-292255-9 ISBN-13: 978-0-07-321159-6 / MHID: 0-07-321159-1 (with OLC with Premium Content Card) ISBN-13: 978-0-07-124459-6 / MHID: 0-07-124459-X [IE with OLC and Premium Card] Website: http://www.mhhe.com/larsen10e Larsen’s Advanced Accounting provides complete and in-depth coverage of the topics typically taught in a one-or-two semester advanced accounting course, including partnerships, business combinations and consolidated financial statements. Faculty appreciate the current coverage of FASB and GASB regulations, the wealth of thorough end-of-chapter material, and the indepth coverage in this shorter length Advanced text. Flexibility is provided by modularly designed parts, each self-contained, that allow instructors to cover only chapters that are appropriate for their class. CONTENTS Chapter One. Ethical Issues in Advanced Accounting Chapter Two. Partnerships: Organization and Operation Chapter Three. Partnership Liquidation and Incorporation; Joint Ventures Chapter Four. Accounting for Branches; Combined Financial Statements Chapter Five. Business Combinations Chapter Six. Consolidated Financial Statements: On Date of Business Combination Chapter Seven. Consolidated Financial Statements: Subsequent to Date of Business Combination Chapter Eight. Consolidated Financial Statements: Intercompany Transactions Chapter Nine. Consolidated Financial Statements: Income Taxes, Cash Flows, and Installment Acquisitions Chapter Ten. Consolidated Financial Statements: Special Programs Chapter Eleven. International Accounting Standards; Accounting for Foreign Currency Transactions Chapter Twelve. Translation of Foreign Currency Financial Statements Chapter Thirteen. Reporting for Components; Interim Reports; Reporting for SEC Chapter Fourteen. Bankruptcy: Liquidation and Reorganization Chapter Fifteen. Estates and Trusts Chapter Sixteen. Nonprofit Organizations Chapter Seventeen. Governmental Entities: General Fund Chapter Eighteen. Governmental Entities: Other Governmental Funds and Account Groups Chapter Nineteen. Governmental Entities: Proprietary Funds, Fiduciary Funds, and Comprehensive Annual Financial Report Accounting New CONSOLIDATED FINANCIAL STATEMENTS (SINGAPORE) By Eng Juan Ng 2006 (July 2006) / 661 pages ISBN-13: 978-0-07-125722-0 / MHID: 0-07-125722-5 An Asian Publication This book is a comprehensive guide to the preparation of consolidated financial statements in Singapore. It discusses consolidated financial statements in the context of the Singapore statute and the Financial Reporting Standards issued by CCDG that are effective as at 1 January 2005. This book is written based on many years of teaching, research and practical experience. It adopts a professional approach and is presented in a step-bystep, easy-to-understand style. It contains more than 70 illustrative examples and numerous problems for self-study. Topics covered include: • Consolidated balance sheets, consolidated profit and loss accounts, consolidated statements of changes in equity, and consolidated cash flow statements • Changes in group structure • Complex group structure • Investment in associates • Foreign subsidiaries and associates • Consolidation theories • Consolidation practices in Singapore This book will be an invaluable source of reference to both accounting practitioners and students in Singapore. Contents Preface / About the Author / Table of Statutes, Accounting Institutions and Accounting Standards / 1 Introduction 2 Consolidation at the Date of Acquisition 3 Consolidation Subsequent to the Date of Acquisition 4 Specific Issues and Changes in Shareholding Interests 5. Complex Group Structure 6 Associates 7 Foreign Subsidiaries and Associates 8 Consolidated Cash Flow Statement 9 Consolidated Statement of Changes in Equity or Consolidated Statement of Recognized Income and Expenses 10 Further Issues / Index The Sixth Edition of ADVANCED FINANCIAL ACCOUNTING, by Baker/Lembke/King continues its strong coverage of the topics, its well-known clarity of presentation, and its integrated coverage based on continuous case examples. The text is highly illustrated with complete presentations of worksheets, schedules, and financial statements so that students can see the development of each new topic. In the chapters covering consolidation subsequent to the date of combination, the three alternative methods of the parent company’s accounting for the investment —basic equity, cost, and fully adjusted equity— are presented in each chapter and appendices to provide the opportunity to cover the differences in the methods, and to see how the consolidated financial statements are the same regardless of the method the parent company uses to account for the investment. The two international chapters include a comprehensive discussion of accounting for foreign currency derivatives and other forms of derivatives such as interest swaps and options used in today’s business arena. The governmental and not-for-profit chapters are comprehensive in their coverages of accounting and financial reporting for these entities, based on the most current GASB pronouncements. The text can be described as: (a) very comprehensive in coverage of advanced accounting topics, (b) extensively illustrated with worksheets and other learning tools, (c) clearly written for students’ learning, (d) a very large variety of end-of-chapter materials for homework selections, and (e) current and complete in its coverage of accounting and reporting standards from the FASB and the GASB. Because Advanced Financial Accounting is often taken by students who plan to take the CPA exam, numerous end-ofchapter materials are provided in the formats as tested on the CPA exam. A wide variety of multiple-choice questions, cases requiring written presentations, and other objective answer format materials is provided. CONTENTS 1 Intercorporate Acquisitions and Investments in Other Entities 2 Reporting Intercorporate Interests 3 The Reporting Entity and Consolidated Financial Statements 4 Consolidation as of the Date of Acquisition 5 Consolidation Following Acquisition 6 Intercorporate Transfers: Noncurrent Assets 7 Intercompany Inventory Transactions 8 Intercompany Indebtedness 9 Consolidation Ownership Issues 10 Additional Consolidation Reporting Issues 11 Multinational Accounting: Foreign Currency Transactions and Financial Instruments 12 Multinational Accounting: Translation of Foreign Entity Statements 13 Segment and Interim Reporting 14 SEC Reporting 15 Partnerships: Formation, Operation, and Changes in Membership 16 Partnerships: Liquidation 17 Governmental Entities: Introduction and General Fund Accounting 18 Governmental Entities: Special Funds and Government-wide Financial Statements 19 Not-for-Profit Entities 20 Corporations in Financial Difficulty International Edition ACCOUNTING FOR DERIVATIVES AND HEDGING International Edition ADVANCED FINANCIAL ACCOUNTING 6th Edition By Richard Baker, Northern Illinois University, Valdean Lembke, University of Iowa-Iowa City and Thomas King, Southern Illinois University-Edwardsvil 2005 (April 2004) / 1216 pages ISBN-13: 978-0-07-297735-6 / MHID: 0-07-297735-3 (with Online Learning Center with PowerWeb Card) ISBN-13: 978-0-07-123819-9 / 0-07-123819-0 [IE with Preminum Card] By Mark Trombley, University of Arizona 2003 / 240 pages ISBN-13: 978-0-07-244044-7 / MHID: 0-07-244044-9 ISBN-13: 978-0-07-119920-9 [IE] / MHID: 0-07-119920-9 [IE] Website: www.mhhe.com/trombley CONTENTS 1. Introduction to Hedging. 2. Accounting for Derivatives and Hedging. 3. Interest Rate Swaps. 4. Interest Rate Futures and Options. 5. Foreign Currency Derivatives and Hedging. 6. Additional Topics. Website: http://www.mhhe.com/baker6e 43 Accounting Auditing International Edition New ADVANCED & ASSURANCE SERVICES 5th Edition By William F Messier, Georgia State University and Steven M Glover, Douglas F Prawitt of Brigham Young University-Provo 2008 (November 2006) / 800 pages ISBN-13: 978-0-07-340394-6 / MHID: 0-07-340394-6 ISBN-13: 978-0-07-110117-2 [IE] / MHID: 0-07-110117-9 [IE] Website: http://www.mhhe.com/messier5e (Details unavailable at press time) . International Edition New PRINCIPLES OF AUDITING AND OTHER ASSURANCE SERVICES 16th Edition By Ray Whittington, DePaul University and Kurt Pany, Arizona State University 2008 (March 2007) / 832 pages ISBN-13: 978-0-07-352686-7 / MHID: 0-07-352686-X ISBN-13: 978-0-07-110118-9 [IE] / MHID: 0-07-110118-7 [IE] (Details unavailable at press time) International Edition New AUDITING AND ASSURANCE SERVICES 2nd Edition By Timothy J. Louwers, Louisiana State University—Baton Rouge, Robert J. Ramsay, University of Kentucky—Lexington, David Sinason, Northern Illinois University and Jerry R. Strawser 2007 (March 2006) / 800 pages ISBN-13: 978-0-07-312824-5 / MHID: 0-07-312824-4 ISBN-13: 978-0-07-110298-8 [IE] / MHID: 0-07-110298-1 [IE] taught at the instructor’s discretion without interrupting the flow of the text. NEW TO THIS EDITION Comprehensive case studies on HealthSouth, Parmalat, KPMG and Andersen that cover multiple chapter topics. Kaplan CPA audit simulations that allow students to go online and complete simulations similar to those in the new on-line CPA examination. Over one hundred new multiple choice questions and 100 new end-of-chapter cases. New text discussion of companies with which students are familiar, including Merck, Martha Stewart Living Omnimedia, Bristol-Myers Squibb, BMC Software, Fannie Mae, and many others FEATURES Real world emphasis in the text with discussion of wealth of companies with which students are familiar, including TimeWarner (AOL Time Warner), Disney, Hewlett-Packard (Compaq Computer), and Wal-Mart. Fraud awareness emphasis throughout text by inclusion of FRAUD cases in EACH chapter pulled from recent headlines—including companies such as Phar-Mor, Enron, Critical Path, World Com. Discussion of the creation of the Public Companies Accounting Oversight Board (PCAOB) and its standard-setting and monitoring roles Detailed coverage of the internal control requirements of PCAOB Auditing Standard 2, including examples of management and auditor reports on internal controls, and a summary of results of initial internal control reports. Coverage of all of the major pronouncements issued by the AICPA through Summer 2005. CONTENTS Part I: The Contemporary Auditing Environment. Chapter 1: Auditing and Assurance Services. Chapter 2: Professional Standards. Chapter 3: Management Fraud and Audit Risk. Part II: The Financial Statement Audit. Chapter 4: Engagement Planning. Chapter 5: Internal Control Evaluation. Chapter 6: Employee Fraud and the audit of Cash. Chapter 7: Revenue and Collection Cycle. Chapter 8: Acquisition and Expenditure Cycle. Chapter 9: Production Cycle. Chapter 10: Finance and Investment Cycle. Chapter 11: Completing the Audit. Chapter 12: Reports on Audited Financial Statements. Part III: Other Topics. Module A: Assurance and Other Public Accounting Services. Module B: Professional Ethics. Module C: Legal Liability. Module D: Internal, Governmental, and Fraud Audits. Module E: Overview of Sampling. Module F: Attribute Sampling. Module G: Variables Sampling. Module H: Information Systems Auditing Website: http://www.mhhe.com/louwers2e As a result of recent audit scandals such as Enron and Worldcom, several new auditing standards have been enacted, making currency one of the most important issues in this market. Upon publication, this text will be the most up-to-date auditing text on the market. It’s been written so that it is current with all issues inherent in accounting and auditing practice, particularly in public accounting firms including coverage of the creation of the Public Companies Accounting Oversight Board, the passage of the Sarbanes-Oxley Act, and all of the major pronouncements issued by the AICPA through Summer 2005. The Louwers text is also a leader in fraud coverage and is accompanied by the Apollo Shoes Casebook--the only standalone FRAUD audit case on the market (available at the book’s Online Learning Center). The text is also designed to provide flexibility for instructors; the twelve chapters focus on the auditing process while the eight modules provide additional topics that can be 44 INVITATION TO PUBLISH McGraw-Hill is interested in reviewing manuscript for publication. Please contact your local McGraw-Hill office or email to asiapub@mcgraw-hill.com Visit McGraw-Hill Education (Asia) Website: www.mcgraw-hill.com.sg Accounting International Edition New auditing and assurance services: a systematic approach 4th Edition AUDITING AFTER SARBANES-OXLEY By Jay C Thibodeau, Bentley College and Debbie Freier 2007 (February 2006) / 192 pages ISBN-13: 978-0-07-352669-0 / MHID: 0-07-352669-X This casebook is intended as a supplement to any primary auditing text, as it helps extend and focus classroom discussions on the impact of Sarbanes-Oxley. It grabs student interest by providing engaging, real- world examples of the auditing environment pre- and post-Sarbanes-Oxley. The text presents a total of 35 “ripped from the headlines” cases organized within four sections: 1) Ethics and Professional Responsibility (7 cases) 2) Understanding the Client’s Business and Industry (7 cases) 3) Internal Control Systems (10 cases) 4) Audits of Accounts, Processes and Assertions (11 Cases) This organization closely follows that of most current auditing textbooks, making the cases easy to implement. In addition to these cases, Appendix A presents seven lengthier, complete company cases giving instructors the flexibility to assign a single case to cover several learning objectives. Appendix B presents financial statements for four of the companies covered in Appendix A. FEATURES 35 cases, 2-5 pages in length, featuring well-known companies whose accounting crises have defined the pre- and post-SOX world. Seven complete company cases (Appendix A)—most companies included here were also covered in shorter case formats earlier in the text. Financial statements (Appendix B) for four of the companies covered in Appendix A. CONTENTS Preface. Section 1: Ethics and Professional Responsibility. Section 2: Understanding the Client’s Busienss and Industry. Section 3: Internal Control Systems. Section 4: Audit of Accounts, Processes and Assertions. Appendix A: Company Cases. Appendxix B: Financial Statements. Index. COMPLIMENTARY COPIES Complimentary desk copies are available for course adoption only. Kindly contact your local McGraw-Hill Representative or fax the Examination Copy Request Form available on the back pages of this catalog. By William F. Messier, Georgia State University, Steven M. Glover and Douglas F. Prawitt of Brigham Young University—Provo 2006 (December 2004) / 832 pages ISBN-13: 978-0-07-313753-7 / MHID: 0-07-313753-7 (with ACL CD and OLC Card) ISBN-13: 978-0-07-111747-0 / MHID: 0-07-111747-4 [IE with ACL CD and OLC Card] Website: http://www.mhhe.com/messier4e Messier employs the new audit approach currently being used by auditing professionals. This new approach is a direct result of the demands of Sarbanes-Oxley, which has changed the way auditors do their jobs. The new auditing approach emphasizes understanding the entity (i.e., the organization or business being audited) and its environment (i.e. industry), and then assessing the business risks faced by the entity and how management controls those risks. This new audit process focuses on business processes instead of accounting cycles. This unique and innovative approach has been developed in response to changing market dynamics. The systematic approach, referred to in the subtitle of the text, reflects the early introduction of three basic concepts that underlie the audit process: materiality, audit risk, and evidence; this allows Messier to build upon this model in subsequent chapters. These are central to everything an auditor does and a unique feature of Messier. As such, this approach helps students develop auditor judgment, a vital skill in today’s auditing environment. CONTENTS PART I: INTRODUCTION TO FINANCIAL STATEMENT AUDITING Chapter 1: An Introduction to Assurance and Financial Statement Auditing Chapter 2: The Financial Statement Auditing Environment PART II: BASIC AUDITING CONCEPTS: RISK ASSESSMENT, MATERIALITY, AND EVIDENCE Chapter 3: Risk Assessment and Materiality Chapter 4: Audit Evidence and Audit Documentation PART III: PLANNING THE AUDIT AND UNDERSTANDING INTERNAL CONTROL Chapter 5: Audit Planning and Types of Audit Tests Chapter 6: Internal Control in a Financial Statement Audit Chapter 7: Auditing Internal Control over Financial Reporting in Conjunction with an Audit of Financial Statements PART IV: STATISTICAL AND NONSTATISTICAL SAMPLING TOOLS FOR AUDITING Chapter 8: Audit Sampling: An Overview and Application to Tests of Controls Chapter 9: Audit Sampling: An Application to Substantive Tests of Account Balances PART V: AUDITING BUSINESS PROCESSES Chapter 10: Auditing the Revenue Process Chapter 11: Auditing the Purchasing Process Chapter 12: Auditing the Human Resource Management Process Chapter 13: Auditing the Inventory Management Process Chapter 14: Financing Process: Auditing Prepaid Expenses and Property, Plant, and Equipment Chapter 15: Financing process: Auditing Long-Term Liabilities, Stockholders’ Equity, and Chapter 16: Financing Process: Auditing Cash and Investments PART VI: COMPLETING THE AUDIT AND REPORTING RESPONSIBILITIES Chapter 17: Completing the Engagement Chapter 18: Reports on Audited Financial Statements and on Internal Control over Financial Reporting PART VII: PROFESSIONAL RESPONSIBILITIES Chapter 19: Professional Conduct, Independence, and Quality Control Chapter 20: Legal Liability PART VIII: ASSURANCE, ATTESTATION, AND INTERNAL AUDITING SERVICES Chapter 21: Assurance, Attestation, and Internal Auditing Services Index Visit McGraw-Hill Education Website: www.mheducation.com 45 Accounting International Edition PRINCIPLES OF AUDITING AND OTHER ASSURANCE SERVICES 15th Edition By Ray Whittington, DePaul U/McGowan Center and Kurt Pany, Arizona State University-Tempe 2006 (July 2005) / 816 pages ISBN-13: 978-0-07-301084-7 / MHID: 0-07-301084-7 ISBN-13: 978-0-07-110767-9 [IE] / MHID: 0-07-110767-3 [IE] ISBN-13: 978-0-07-329192-5 / MHID: 0-07-329192-7 (with Updated Chapter 5,6 & 7) ISBN-13: 978-0-07-110046-5 / MHID: 0-07-110046-6 [IE with Updated Chapter 5,6 & 7) CONTENTS Part 1 – The Auditing and Assurance Services Profession 1. Assurance and auditing: an overview 2. The structure of the profession 3. Ethics, independence and corporate governance 4. The legal liability of auditors Part 2 – Planning and Risk 5. Overview of elements of the financial report audit process 6. Planning, knowledge of the business and evaluating business risk 7. Assessing specific business risks and materiality 8. Understanding and assessing internal control Part 3 – Procedures for Collecting Evidence 9. Tests of controls 10. Substantive tests of transactions and balances 11. Audit sampling Part 4 – Completion and Communication 12. Completion and review 13. The auditor’s reporting obligations Part 5 – Other Assurance Services 14. Other assurance services 15. Internal auditing 16. Audit and assurance services in the public sector 17. Advanced topics in assurance services Website: http://www.mhhe.com/whittington15e Whittington/Pany’s Principles of Auditing, is a market leader in the auditing discipline and the only text in this market which uses the balance sheet approach (vs. the cycles approach). Until October 2002, Ray Whittington was a member of the Audit Standards Board and prior to Ray being on the ASB Kurt Pany was on the board. This has had a major impact on this revision of the text as Whittington has been involved in the audit standards creation process. Principles of Auditing presents concepts clearly and proactively monitors changes in auditing making the relationship between accounting and auditing understandable. The 15th edition maintains the organization and balance sheet orientation, while adding and enhancing topics of Risk, Assurance Services, Fraud, E-Commerce, and the latest auditing standards to meet the needs of the current marketplace. CONTENTS 1. The Role of the Public Accountant in the American Economy 2. Professional Standards 3. Professional Ethics 4. Legal Liability of CPAs 5. Audit Evidence and Documentation 6. Planning the Audit; Linking Audit Procedures to Risk 7. Internal Control 8. Consideration of Internal Control in an Information Technology Environment 9. Audit Sampling 10. Cash and Financial Investments 11. Accounts Receivable, Notes Receivable, and Revenue 12. Inventories and Cost of Goods Sold 13. Property, Plant, and Equipment: Depreciation and Depletion 14. Accounts Payable and Other Liabilities 15. Debt and Equity Capital 16. Auditing Operations and Completing the Audit 17. Auditors’ Report 18. Integrated Audits of Public Companies 19. Additional Assurance Services: Historical Financial Information 20. Additional Assurance Services: Other Information 21. Internal, Operational, and Compliance Auditing AUDITING AND ASSURANCE SERVICES IN AUSTRALIA 3rd Edition By Grant Gay, Monash University and Roger Simnett, University of New South Wales 2005 (June 2005) ISBN-13: 978-0-07-471563-5 / MHID: 0-07-471563-1 McGraw-Hill Australia Title Website: http://www.mhhe.com/au/gay3e The market-leading text in auditing has now been comprehensively updated with the latest in legislative developments that have been introduced to ensure a strong and independent audit environment in Australia. Gay and Simnett’s innovative text has led the way in this market by incorporating a business risk approach. The third edition strengthens this approach with the coverage of three new audit risk standards and the inclusion of the requirements of these standards into the audit risk model. Changes resulting from the Corporate Law Economic Reform Program (CLERP 9) and corporate governance initiatives are also covered, along with changes resulting from other new and revised Australian and international auditing standards. 46 auditing and assurance services 1st Euro Edition By William F. Messier, Georgia State University and Eilifsen 2005 (November 2005) / 512 pages ISBN-13: 978-0-07-710417-7 / MHID: 0-07-710417-X McGraw-Hill UK Title Auditing and Assurance Services: European Edition presents the reader with a solid theoretical foundation along with real practical situations from an international perspective. With up to date information on the International Standards of Auditing (ISA), this book is relevant to Europe and beyond. An essential guide to a clearer understanding of changing standards, coupled with a conceptual, descriptive approach to auditing. Contents Chapter 1: Introduction to assurance and financial statements auditing Chapter 2: The financial statements auditing environment Chapter 3: Risk assessments and materiality Chapter 4: Audit evidence and audit documentation Chapter 5: Audit planning and types of audit tests Chapter 6: Internal control in a financial statements audit Chapter 7: Auditing internal control over financial reporting in conjunction with an audit of financial statements Chapter 8: Audit Sampling – An overview and application to tests of controls Chapter 9: Audit Sampling – An application to substantive tests of account balances Chapter 10: Auditing the revenue cycle and related accounts Chapter 11: Auditing the purchasing cycle and related accounts Chapter 12: Auditing the payroll cycle and related accounts Chapter 13: Auditing the inventory cycle and related accounts Chapter 14: Auditing selected asset accounts – Prepaid expenses and property, plant and equipment Chapter 15: Auditing long term liabilities, Stockholders’ equity and Income Statement Accounts Chapter 16: Auditing cash and investments Chapter 17: Completing the audit Chapter 18: Reports on audited financial statements and on internal control over financial reporting Chapter 19: Professional Ethics, Independence and Quality Control Chapter 20: Assurance, Related Services and Internal Auditing Services Accounting AUDITING AND ASSURANCE SERVICES IN MALAYSIA 2nd Edition By William Messier, Georgia State University and Margaret Boh, University of Malaya 2004 (October 2003) / 704 pages ISBN-13: 978-983-2679-74-5 / MHID: 983-2679-74-5 An Asian Publication In Malaysia, where statutory audits remain mandatory, financial statement audits will continue to be a major; ongoing source of revenues for public accounting firms. Thus, many our students will continue to be heavily involved in financial statements audits. Changes and new developments represent challenges for auditors; they also offer significant opportunities for auditors to contribute to the effective and efficient flow of information and capital in our society. The changes impacting the profession require that students thoroughly understand the audit and assurance process. This can be accomplished by having a good understanding of the basic concepts underlying the audit process and procedures to apply those concepts to various audit and assurance engagements. This book takes a systematic approach to the audit process by first introducing the three basic concepts that underlie the audit process: materiality, risk and evidence. These concepts are then applied to each major accounting cycle and related account balances using a risk-based approach. Underlying this approach is the “audit risk model” which is fundamental to current audit practice. For example, each major accounting cycle chapter contains an overview of the auditor’s risk assessment procedures which include the identification and evaluation of the inherent risk and industryrelated factors, and the related internal control that are relevant to the cycle. This is followed by a discussion of the nature, timing, and extent of further audit procedures that are necessary to reach the appropriate level of detection risk. In covering these important concepts and their applications, the book focuses on the decision-making processes followed by the auditors. Much of auditing practice involves the use of auditor judgement. If a student understands these basic concepts and how to apply them on an audit engagement, he or she will know how to practice in today’s dynamic audit environment. This book can used in a one-semester or one-quarter introductory auditing or assurance services course, or in a two-course sequence at the undergraduate and graduate levels. It can be used in introductory professional development courses for accountants, internal auditors, and government auditors. CONTENTS 1. An Introduction to Auditing & Assurance Engagements 2. An Overview of Financial Statement Auditing 3. Materiality and Risk 4. Audit Evidence, Audit Procedures, and Working Paper Documentation 5. Audit Planning 6. Internal Control in a Financial Statement Audit 7. The Effects of Information Technology on the Audit Function 8. Audit Sampling: An Overview and Application to Tests of Controls 9. Audit Sampling: An Application to Substantive Procedures for Account Balances 10. Auditing the Revenue Cycle 11. Auditing the Purchasing Cycle 12. Auditing the Payroll Cycle 13. Auditing the Inventory Cycle 14. Auditing Property, Plant and Equipment, and Prepayments 15. Auditing Long-Term Liabilities, Shareholders’ Equity and Income Statement Items 16. Auditing Cash and Investments 17. Completing the Audit 18. Auditor’s Report on Financial Statements and Special Purpose Audit Engagements 19. Professional Conduct and Ethics 20. Legal Liability and Quality Control 21. Assurance Engagements and Related Services International Edition AUDITING AND ASSURANCE SERVICES 10th Edition By Jack Robertson, University of Texas At Austin and Timothy Louwers, Louisiana StateUniversity-Baton Rouge 2002 ISBN-13: 978-0-07-298099-8 / MHID: 0-07-298099-0 (with Apollo Shoes Casebook, Dynamic Accounting Profession PowerWeb and Sarbanes-Oxley?) ISBN-13: 978-0-07-112115-6 [IE] / MHID: 0-07-112115-3 [IE] Website: www.mhhe.com/business/accounting/robertson10e CONTENTS The Audit Process: 1 Auditing and Assurance Services. 2 Professional Standards: “The Rules of the Road” . 3 Reports on Audited Financial Statements. 4 Materiality and Risk. 5 Audit Planning. 6 Internal Control Evaluation: Assessing Control Risk. 7 Fraud Awareness Auditing: SAS No. 82 and Beyond. 8 Revenue and Collection Cycle. 9 Acquisition and Expenditure Cycle. 10 Production and Payroll Cycle. 11 Finance and Investment Cycle. 12 Completing the Audit. International Edition INFORMATION, QUALITY, ASSURANCE AND INTERNAL CONTROL FOR MANAGEMENT DECISION MAKING By William Kinney, University of Texas at Austin 2000 / 576 pages ISBN-13: 978-0256-22161-9 / MHID: 0-256-22161-8 ISBN-13: 978-0-07-118287-4 [IE] / MHID: 0-07-118287-X [IE] Website: www.mhhe.com/business/accounting/kinney1e/ CONTENTS Ch. 1 Introduction and Overview. Ch. 2 Business Measurement Systems: Information Relevance. Ch. 3 Business Measurement Systems: Information Reliability and Risk Assessment. Ch. 4 Internal Control Over Transactions. Ch. 5 Analytical Monitoring: Business Operations Analysis and Analytical Procedures. Ch. 6 Detailed Monitoring: Tests of Controls, Transactions, and Balances. Ch. 7 Informing Outsiders: Management Assertions and Independent Certification. Ch. 8 Mechanics of Financial Statement Auditing, Financial Estimates, Adjustments, and Disclosures. Ch. 9 Auditor’s Reports and Their Interpretations. Ch. 10 Other Certification, Investigation, and Origination Assurance Services. Ch. 11 Regulatory Reporting and Disclosure from Management’s Perspective. Ch. 12 Legal and Ethical Responsibilities in Public Reporting. INVITATION TO PUBLISH McGraw-Hill is interested in reviewing manuscript for publication. Please contact your local McGraw-Hill office or email to asiapub@mcgraw-hill.com Visit McGraw-Hill Education (Asia) Website: www.mcgraw-hill.com.sg 47 Accounting Auditing Practice Cases New New to this edition PEACH BLOSSOM COLOGNE COMPANY 4th Edition By Jack W. Paul, Lehigh University 2007 (December 2005) / 192 pages ISBN-13: 978-0-07-340396-0 / MHID: 0-07-340396-2 ISBN-13: 978-0-07-327659-5 / MHID: 0-07-327659-6 (with CD) The fourth edition of the Peach Blossom Cologne Company Audit Case contains many new features, most significantly exercises dealing with the audit of internal control over financial reporting. Optional exercises simulate the planning phase of a real audit, including preparation of an engagement letter, completing a time budget, and conducting analytical procedures. In analyzing the potential problems uncovered by analytical procedures, students are required to provide an analysis of risks and a discussion of those accounts that may present potential problems. The optional internal control flowcharting exercises are based on the client’s computer system. Two statistical sampling exercises are included: an attributes sampling application and a variables sampling exercise using dollar-unit (PPS) sampling. New to this edition is a table that cross-references exhibits to their related assignments. Additionally, students are provided a CD that contains working paper templates enabling students to complete some or all of the working papers electronically. For those instructors who would like to provide audit programs to their students, a CD containing audit programs is available. Students can use these programs as a starting point for developing their own audit programs. The case allows for a flexible approach. By including all or some of the optional exercises, the instructor can provide exposure to audit planning, the internal control audit, the client’s business processes, and statistical sampling. Alternatively, the optional exercises may be omitted if the instructor wishes to expose students only to the rudiments of a financial statement audit. It should take approximately 1215 hours to complete the required exercises and about 25-30 hours if all optional exercises are assigned. Whichever strategy is followed, it is highly desirable to incorporate the case into classroom discussions utilizing the assignments as a vehicle for introducing topics. The optional exercises include flowcharting of various accounting processes and a detailed analysis of the associated controls. Once the student has finished these exercises, he or she will be in a position to prepare audit programs dealing with controls and transactions. In all assignments, the student is required to prepare a substantive audit program for testing balances. The student obtains the necessary information from the internal control questionnaire provided in each assignment, from the background and permanent file materials, and from a review of the prior period working papers. As an alternative, instructors may wish to provide audit programs to their students. Programs are included on the instructor’s CD. Prior year’s working papers are included to provide the student with a format for preparing the current year’s working papers. This feature relieves the instructor from having to spend a great deal of time discussing working paper formats or having to provide them to students. The working papers also provide a good place for students to start preparing programs because the working papers include the steps typically found in an audit program. The prior period working papers do not include all items found in an actual audit. Nor do they include all the working papers required to complete the case. Some prior period working papers 48 have been omitted to encourage creativity. Finally, the review of the internal control questionnaires and working of the optional exercises dealing with the audit of internal control will enable the student to prepare a draft of the auditor’s report on internal control over financial reporting, as well as an internal control letter for the Audit Committee. Exercises allowing the integration of an internal control audit with the traditional audit of financial statements – With the advent of the Sarbanes-Oxley Act auditors are required to perform an integrated audit of internal control and the financial statements. An expanded explanation of how to proceed with the audit, including procedures relevant for the audit of internal control A table cross-referencing the various exhibits to the case assignments to make it easier to locate the exhibits. Assignment #1 has been expanded to include a broader analysis of risks in the planning stage of the audit and an assessment of the risk of material misstatement due to fraud. Risk model exercises have been removed from the assignments for streamlining purposes. A risk model exercise is now incorporated as an optional exercise in Assignment #4. Working papers based on the client’s computer system have been included to improve the realism of the case. The optional exercises dealing with the internal control audit are now based on the client’s computer system to give students a realistic view of how to deal with computer-based audits Features The Instructor’s CD includes general audit programs that can, at the instructor’s discretion, be used as a starting point for students to tailor their audit programs to the client’s situation. Contents I. General Instructions and Preparations. II. Permanent File Materials. 1. History and Background. 2. Organizational Structure. 3. Internal Control. 4. Chart of Accounts. 5. Minutes of Board of Directors’ Meetings. III. Problem Assignments. Assignment #1: Planning the Integrated Audit. Assignment #2: Cash. Assignment #3: Accounts Receivable and Credit Sales. Assignment #4: Inventory and Purchases. Assignment #5: Property, Plant, and Equipment (Fixed Assets). Assignment #6: Accounts Payable Processing and Unrecorded Liabilities. Assignment #7: Notes Payable and Accrued Interest. Assignment #8: Completing the Audit. IV. Current Year’s Working Trial Balance. V. Prior Year’s Working Papers. COMPLIMENTARY COPIES Complimentary desk copies are available for course adoption only. Kindly contact your local McGraw-Hill Representative or fax the Examination Copy Request Form available on the back pages of this catalog. Visit McGraw-Hill Education Website: www.mheducation.com Accounting Undergraduate Taxation International Edition APPLE BLOSSOM COLOGNE COMPANY: AUDIT CASE 5th Edition By Jack Paul, Lehigh University 2003 ISBN-13: 978-0-07-284450-4 / MHID: 0-07-284450-7 (with CD-ROM) ISBN-13: 978-0-07-124488-6 / MHID: 0-07-124488-3 [IE with CD-ROM] Website: http://www.mhhe.com/appleblossom CONTENTS 1) Audit Planning and Integration of the Accounting Process 2) Accounts Receivable and Credit Sales 3) Cash 4) Inventory and Purchases 5) Prepaid Expenses 6) Investments in Securities 7) Property, Plant, and Equipment 8) Accounts Payable Processing and Unrecorded Liabilities 9) Payroll Processing and Accrued Liabilities 10) Notes Payable and Accrued Interest 11) Capital Stock and Retained Earnings 12) Completing the Audit New PRINCIPLES OF TAXATION FOR BUSINESS AND INVESTMENT PLANNING 2008 Edition, 11th Edition By Sally Jones, University of Virginia--Charlottesville 2008 (April 2007) / 576 pages ISBN-13: 978-0-07-340395-3 / MHID: 0-07-340395-4 (Details unavailable at press time) International Edition Advanced Managerial Accounting International Edition accounting for decision making anD control 5th Edition By Jerold Zimmerman, University of Rochester 2006 (May 2005) / 768 pages ISBN-13: 978-0-07-111554-4 / MHID: 0-07-111554-4 [IE] Website: www.mhhe.com/zimmerman5e Accounting for Decision Making and Control by Jerry Zimmerman continues to grow in popularity with instructors due to its emphasis on teaching students to critically evaluate and solve actual business problems. Zimmerman is able to achieve this through: 1) Strong conceptual framework; 2) Business orientation focusing on how organizations work; 3) Balance between concepts & practice; 4) Strongest problem material available. New to this edition Over 50 new problems and cases Updated boxes and examples Emphasis on understanding the tradeoffs between decision making and control CONTENTS 1) Introduction 2) The Nature of Costs 3) Opportunity Cost of Capital and Capital Budgeting 4) Organizational Architecture 5) Responsibility Accounting and Transfer Pricing 6) Budgeting 7) Cost Allocation: Theory 8) Cost Allocation: Practices 9) Absorption Cost System 10)Criticisms of Absorption Cost Systems: Incentives to Overproduce 11)Criticisms of Absorption Cost Systems: Inaccurate Product Costs 12)Standard costs: Direct labor and Materials 13)Overhead and Marketing Variances 14)Management Accounting in a Changing Environment New PRINCIPLES OF TAXATON FOR BUSINESS AND INVESTMENT PLANNING 2007 Edition, 10th Edition By Sally Jones, University of Virginia—Charlottesville 2007 (April 2006) / 560 pages ISBN-13: 978-0-07-312752-1 / MHID: 0-07-312752-3 ISBN-13: 978-0-07-110679-5 MHID: 0-07-110679-0 [IE] This text is appropriate for a one-semester introductory tax course at either the undergraduate or graduate level in which the instructor emphasizes business planning and decision-making. The content of the text is highly compatible with the AICPA Model Tax Curriculum and is ideal for preparing students to take the revised computer-based CPA exam. Jones takes a different approach to the study of taxation than the traditional tax return preparation approach. This book teaches students to recognize the role taxes play in business and investment decisions. In addition, the book presents the general role of taxation and its implications across all taxpaying entities before discussing the details relevant to specific entities. This approach allows students to really grasp the fundamental concepts that are the foundation for specific tax rules. The benefit is that the students will understand the framework of the tax system, even though specific tax rules and regulations change from year to year. Features Marginal quotes with tax tips, planning suggestions, etc. Thoroughly updated to reflect the latest changes in tax law. Extensive end-of-chapter material includes five types of problems, including problems of the type that students will encounter on the new CPA exam: Questions and Problems for Discussion challenge students to think critically about conceptual and technical issues covered in the chapter. Application Problems give students practice in applying the technical material covered in the chapter. Issue Recognition Problems develop students’ ability to recognize tax issues, while introducing the tax research process. Research Problems provide further opportunity for students to develop their analytic skills, as well as increase their exposure to tax research by utilizing a tax library. Tax Planning Cases put students in the role of a tax advisor and gives them the opportunity to integrate their tax knowledge into a business-planning framework. The comprehensive cases in parts three through six require students to perform more in-depth analysis and decision skills, reinforcing the key concepts and decision-oriented focus of the text. 49 Accounting This text relates the study of financial theory to the study of taxation so students develop the ability to translate tax outcomes into cash flows. This offers a forward-looking, planning perspective rather than a compliance perspective. Significant real world examples reinforce and illustrate key concepts. Promotion of Investments Act Chapter – 22 Real Property Transactions Chapter – 23 Indirect Taxation Chapter – 24 Stamp Duty Because students learn to evaluate the tax laws on the basis of both equity and efficiency, the book considers both the economic and social policy implications of various tax systems. This text examines the structural framework of the federal income tax system to allow students to attain a sufficient level of tax knowledge appropriate for the introductory course, and to gain a frame of reference for understanding the technical details of taxation. CONTENTS Part 1 Exploring the Tax Environment. Ch. 1 Types of Taxes and the Jurisdictions That Use Them. Ch. 2 Tax Policy Issues: Standards for a Good Tax. Part 2 Fundamentals of Tax Planning. Ch. 3 Taxes as Transaction Costs. Ch. 4 The Basic Maxims of Income Tax Planning. Part 3 The Measurement of Taxable Income. Ch. 5 Taxable Income From Business Operations. Ch. 6 Property Acquisitions and Cost Recovery Deductions. Ch. 7 Property Dispositions. Ch. 8 Nontaxable Exchanges. Part 4 The Taxation of Business Income. Ch. 9 Sole Proprietorships, Partnerships, LLCs, and S Corporations. Ch. 10 The Corporate Taxpayer. Ch. 11 The Choice of Business Entity. Ch. 12 Jurisdictional Issues in Business Taxation. Part 5 The Individual Taxpayer. Ch. 13 The Individual Tax Formula. Ch. 14 Compensation and Retirement Planning. Ch. 15 Investment and Personal Financial Planning. Ch. 16 Tax Consequences of Personal Activities. Part 6 The Tax Compliance Process. Ch. 17 The Tax Compliance Process. Appendix A. Present Value of $1. Appendix B. Present Value of Annuity of $1. Appendix C. Introduction to Tax Research COMPREHENSIVE GUIDE TO MALAYSIAN TAXATION Updated Edition By Kasipillai Jeyapalan 2005 / 1048 pages ISBN-13: 978-983-2679-99-8 / MHID: 983-2679-99-0 An Asian Publication This is an all-inclusive book covering all aspects of taxation, both direct and indirect. It provides an in-depth analysis of the legal, technical and administrative aspects of the Malaysian tax system. It covers all the latest amendments including those arising from the Budget 2004. This book will prove invaluable for income tax practitioners, accountants, businessmen, business consultants and corporate managers. Accounting and law students sitting for the various university and professional examinations in Malaysian Taxation will find this book useful for its worked examples, questions and answers and clear exposition of the applicable law, thus giving a firm grasp of the law and its practice. CONTENTS Chapter – 1 Overview of Malaysian Taxation Chapter – 2 Tax Administration of Self Assessment System Chapter – 3 Employment Income Chapter – 4 Non-Business Income Chapter – 5 Partnership Income Chapter – 6 Basis Period Chapter – 7 Business Income Chapter – 8 Personal Reliefs and Tax Rebates Chapter – 9 Business Deductions Chapter – 10 Stock – in – Trade Chapter – 11 Corporate Taxation Chapter – 12 Withholding Taxes Chapter – 13 Capital Allowances Chapter – 14 Investigations and Tax Audit Chapter – 15 Investigation and the Law Chapter – 16 Specialised Industries Chpater – 17 Mutual Concerns: Trade Associations, Clubs, Charitable Organisation and Co-operatives Chapter – 18 Labuan – International Offshore Financial Centre Chapter – 19 Double Taxation Agreements Chapter – 20 Special Incentives under the Income Tax Act Chapter – 21 Incentives under the 50 THE ESSENTIAL GUIDE TO PERSONAL INCOME TAX IN MALAYSIA UNDER SELF-ASSESSMENT SYSTEM By Adam Malik, Hassan Md Ali and Humayun Begum Ibrahim 2005 / 299 pages ISBN-13: 978-983-3219-27-8 / MHID: 983-3219-27-6 An Asian Publication Written to suit the needs of the average Malaysian individual taxpayer (employment and/or business income). It is also suitable for undergraduates who are being introduced to Malaysian Income Tax for the first time. CONTENTS 1. Overview of Malaysian taxation 2.Residence Status of Individuals 3. Business Income from Sole Proprietorship 4. Business income from Partnership 5. Employment income 6.Statutory Income from Dividend, Interest and etc. 7. Approved Donations 8. Personal Reliefs 9. Rebates Governmental / Non Profit New ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL AND NOT-FOR-PROFIT ORGANIZATIONS 8th Edition By John Engstrom, Northern Illinois University and Paul A. Copley, University of Georgia 2007 (November 2005) / 480 pages ISBN-13: 978-0-07-313096-5 / MHID: 0-07-313096-6 Website: http://www.mhhe.com/engstrom8e Copley and Engstrom’s Essentials of Accounting for Governmental and Not-for-Profit Organizations, 8e is best suited for those professors whose objective is to provide more concise coverage than is available in larger texts as well as for those professors whose objective is to prepare accounting majors for the uniform CPA Examination in the areas of state and local governmental accounting, accounting for not-for-profit organizations, governmental auditing, and taxation of exempt entities. This edition incorporates all of the FASB, GASB, and AICPA pronouncements passed since the last edition. New to this edition Reflects latest AICPA Audit and Accounting Guides including: Health Care Organizations, issued in May 2004. Reflects latest GASB Statements through GASB 45: Accounting and Financial Reporting by Employers for Post employment Benefits Other Than Pensions and GASB 46: Net Assets Restricted by Enabling Legislation. Accounting Features End-of-Chapter problems using web sites: These problems require access to the GASB and Government Finance Officers Association websites. Others require access to financial statements of not-for-profit organizations. Summaries of academic research: Financial information on not-forprofit organizations is becoming increasingly available, stimulating research among academics. The 7th edition of this text provides a brief discussion of published research in the nonprofit area for the purpose of developing student awareness of the major issues and findings from this important economic sector. Reflects latest GASB Statements through GASB 39: Determining Whether Certain Organizations are Component Units, the new AICPA Audits of State and Local Governmental Units, the new GAO Independence Standards, and the exposure draft of the new GAO Government Auditing Standards. More comprehensive coverage of accounting for governmental and not-for-profit organizations than available in an advanced text but concise enough to be used effectively in a 1 term, 1 quarter, or even a half term course focusing on just these areas. Contains information on auditing, taxation of exempt entities, and service efforts and accomplishments, topics that many other governmental texts do not include. Integrated text problem (Village of Elizabeth) in Chapters 4-8. Integrated continuous problem for state and local governments (Chapters 1-9). Financial statement analysis in text and problems. Problems requiring use of an actual Comprehensive Annual Financial Report. CONTENTS Preface / 1 Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Organizations / 2 Overview of Financial Reporting for State and Local Governments / 3 Budgetary Accounting for the General and Special Revenue Funds / 4 Accounting for the General and Special Revenue Funds / 5 Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent / 6 Proprietary Funds / 7 Fiduciary (Trust) Funds, Interfund Transactions / 8 Governmentwide Statements, Fixed Assets, Long-Term Debt / 9 Accounting for Special-Purpose Entities, Including Public Colleges and Universities / 10 Accounting for Private Not-for-Profit Organizations / 11 College and University Accounting--Private Institutions / 12 Accounting for Hospitals and Other Health Care Providers / 13 Auditing, Tax-Exempt Organizations, and Evaluating Performance / Glossary: Governmental and Not-for-Profit Accounting Terminology / Index New ACCOUNTING FOR GOVERNMENTAL AND NON-PROFIT ENTITIES 14th Edition By Earl Wilson, University of Missouri-Columbia, Susan Kattelus, Eastern Michigan University and Leon Hay, University of Arkansas 2007 (March 2006) / 864 pages ISBN-13: 978-0-07-310095-1 / MHID: 0-07-310095-1 ISBN-13: 978-0-07-326892-7 / MHID: 0-07-326892-5 (with City of Smithville CD) Website: http://www.mhhe.com/wilson14e Accounting for Governmental and Nonprofit Entities, 14e presents complete, accurate, and up-to-date coverage of all facets of accounting for governmental and not-for-profit organizations. With its unique City of Smithville computerized cumulative problem, Wilson offers a level of student engagement and realworld applicability unmatched by any other textbook. New to this edition New coauthor Jacqueline Reck, the James E. Rooks Distinguished Professor at the University of South Florida, brings an exceptional teaching and research background in governmental and nonprofit accounting to this already distinguished author team.author team. An appendix has been added explaining how to convert from the modified accrual basis of accounting to the accrual basis of accounting if a government does not use the dual- track accounting approach. Many new cases and new problems have been added to further enhance class discussion and develop students’ critical thinking skills. Several new cases focus on provocative and relevant public policy issues; other cases and problems have been extensively revised. The text has been thoroughly updated and incorporates all GASB, FASB, GAO, OMB and AICPA pronouncements applicable to governmental and not-for-profit organizations through September 2005. Relevant current issues and events have been incorporated into the discussion to illustrate the need for understandable financial statements that demonstrate accountability for the use of public resources. Financial statements, management’s discussion and analysis, and many other schedules and exhibits for the City and County of Denver are used throughout the text to illustrate real-world financial reporting and disclosure. Two revised versions of the City of Smithville computerized cumulative problem are now available to permit instructors to switch between versions in successive terms. Expanded discussion and illustrations concerning the reconciliation of governmental fund financial statements to governmental activities of the government-wide financial statements. INVITATION TO PUBLISH McGraw-Hill is interested in reviewing manuscript for publication. Please contact your local McGraw-Hill office or email to asiapub@mcgraw-hill.com Visit McGraw-Hill Education (Asia) Website: www.mcgraw-hill.com.sg New illustrations have been added and others extensively revised to enhance understanding. Expanded self-evaluation student quizzes for each chapter are available at the text’s Website. Features The 14th Edition continues the innovative dual-track accounting approach, which enhances students’ understanding of the complexities of the GASB Statement 34 reporting model. 51 Accounting Accounting Theory Revised City of Smithville Continuous Computerized problem bundled free with every text. Key features include the ability to unpost, delete, and add entries; automatic upload of the instructions file; a better initial screen that guides students through the steps of opening up a new government; and a Save/Save As feature to make it easier to backup data files. Improved PowerPoint presentations for each chapter help instructors prepare their lectures, especially if they are new to the course. As always, the authors prepared these slides themselves using instructional approaches they have found useful in their own teaching. The PowerPoint presentations are available for download from the book’s Website. Continued use of the dual-track approach for understanding GASB 34 that emphasizes the value of government-wide reporting throughout the year. Authors’ home pages provide periodic authoritative updates and online responses to instructor inquiries. Earl Wilson’s home page may be consulted for updates and general information, while Susan Kattelus’ home page contains links to other interesting sites. Extensive real-world cases and examples, including Internet cases, make this text relevant and engaging for students. With a manageable 17 chapters, the text allows instructors to cover all of the important topics relating to government and nonprofit organizations. CONTENTS Chapter 1 Financial Reporting for Governmental and Not-for-Profit Entities Chapter 2 Principles of Accounting and Financial Reporting for State and Local Governments Chapter 3 Governmental Operating Statement Accounts: Budgetary Accounting Chapter 4 Accounting for Governmental Operating Activities – Illustrative Transactions and financial Statements Chapter 5 Accounting for General Capital Assets and Capital Projects Chapter 6 Accounting for General Long-Term Liabilities and Debt Service Chapter 7 Accounting for the Business-Type Activities of State and Local Governments Chapter 8 Accounting for Fiduciary Activities – Agency and Trust Funds Chapter 9 Financial Reporting of State and Local Governments Chapter 10 Analysis of Governmental Financial Performance Chapter 11 Auditing of Governmental and Notfor-Profit Organizations Chapter 12 Accounting and Reporting for the Federal Government Chapter 13 Budgeting and Costing of Government Services Chapter 14 Accounting for Not-for-Profit Organizations Chapter 15 Not-for-Profit Organizations – Regulatory, Taxation, and Performance Issues Chapter 16 Accounting for Colleges and Universities Chapter 17 Accounting for Health Care Organizations / Glossary / Governmental and Not-for-Profit Organizations / Index New CITY OF SMITHVILLE 14th Edition By Earl Wilson, University of Missouri-Columbia and Greg Buttery, Iowa State University 2007 (February 2006) ISBN-13: 978-0-07-310096-8 / MHID: 0-07-310096-X (Computerized Case CD-ROM) (Details unavailable at press time) 52 New FINANCIAL ACCOUNTING THEORY 2nd Edition By Craig Deegan, University of Southern Queensland 2006 (May 2006) ISBN-13: 978-0-07-471671-7 / MHID: 0-07-471671-9 McGraw-Hill Australia Title Website: http://www.mhhe.com/au/deegantheory2e Written for the senior undergraduate accounting and postgraduate student, Financial Accounting Theory retains the same basic strengths that made its predecessor a market leader: •A writing style that is easy to read and understand •A critical evaluation and balanced discussion of different theories of accounting that will spark student interest •Develops analytical reasoning by challenging students to think about accounting issues at hand, and formulate opinions. The edition is a major revision, with extensive updating of many chapters, new sections and new research cited throughout. New questions have also been added to every chapter. Twelve chapters in total, this book is ideal for the one-semester subject. Deegan’s Financial Accounting Theory provides a sound basis for those undertaking further research, and comprehensive internal referencing guides those wanting to investigate issues at a much deeper level. CONTENTS Ch 1, Introduction to financial accounting theory Ch 2, The financial reporting environment Ch 3, Regulation of financial accounting Ch 4, International accounting Ch 5, Normative theories of accounting--the case of accounting for changing prices Ch 6, Normative theories of accounting--the case of conceptual framework projects Ch 7, Positive Accounting Theory Ch 8, Unregulated corporate reporting decisions: consideration of systems-oriented theories Ch 9, Extended systems of accounting--the incorporation of social and environmental factors within external reporting Ch 10, Reactions of capital markets to financial reporting Ch 11, Reactions of individuals to financial reporting: an examination of behavioural research Ch 12, Critical perspectives of accounting / Index Accounting financial accounting theory By Deegan and Unermna 2005 (October 2005) / 472 pages ISBN-13: 978-0-07-710896-0 / MHID: 0-07-710896-5 International Accounting McGraw-Hill UK Title Website: http://www.mcgraw-hill.co.uk/textbooks/deegan This text is intended to provide the material in an accessible way to both students and lecturers by writing in an appropriate style and providing ‘real-life’ illustrations. These examples will be reproduced from particular newspaper articles and will be totally European and UK in focus. The primary audience for the book would be students who are in the final years of their undergraduate degrees in accounting. Contents Chapter 1 ~ Introduction to Financial Accounting Theory Chapter 2 ~ The Financial Reporting Environment Chapter 3 ~ The Regulation of Financial Reporting Chapter 4 ~ International Accounting and the Effects of Cultural Differences and Harmonisation Efforts Chapter 5 ~ Normative Theories of Accounting: The Case of Accounting for Changing Prices Chapter 6 ~ Normative Theories of Accounting: The Case of Conceptual Framework Objects Chapter 7 ~ Positive Accounting Theory Chapter 8 ~ Unregulated Financial Reporting Decisions: Considerations of Systems Oriented Theories Chapter 9 ~ New Systems of Accounting – the incorporation of social and environmental factors within external reporting Chapter 10 ~ Reactions of capital markets to financial reporting Chapter 11 ~ Reactions of individuals to financial reporting: an examination of behavioural research Chapter 12 ~ Critical Perspectives of Accounting International Edition ACCOUNTING THEORY By John Christensen, University of Southern Denmark and Joel Demski, University of Florida @ Gainesville 2003 / 480 pages ISBN-13: 978-0-07-229691-4 / MHID: 0-07-229691-7 ISBN-13: 978-0-07-112327-3 / MHID: 0-07-112327-X [IE] CONTENTS 1. Introduction. Part I: Foundations 2. The Reporting Organization. 3. Classical Foundations. 4. Accounting Foundations. 5. Modeling Information. 6. Information Use at the Individual Level. 7. The Accounting System as an Information Channel. Part II: Information Content 8. Information in a Valuation Setting. 9. Accounting Information in a Valuation Setting. 10. Accounting and Non-accounting Information in a Valuation Setting. 11. Information in a Managerial Contracting Setting. 12. Additional Information in a Managerial Contracting Setting. 13. Conflict among uses. Part III: Comparative Advantage 14. Recognition. 15. Information Content of Audited Accruals. 16. Conditional Recognition. 17. Inter-Temporal Accruals. 18. Intra-Temporal Accruals. Part IV: End Game 19. Institutional Considerations. 20. Professional Opportunity and Responsibility. International Edition New INTERNATIONAL ACCOUNTING By Timothy Doupnik, University of South Carolina and Hector Perera 2007 (September 2005) / 672 pages ISBN-13: 978-0-07-250775-1 / MHID: 0-07-250775-6 ISBN-13: 978-0-07-125420-5 / MHID: 0-07-125420-X [IE] Website: http://www.mhhe.com.com/doupnik This book is written to provide an overview of the broadly defined area of international accounting, but that focuses on the accounting issues related to international business activities and foreign operations. Features Numerous excerpts from annual reports to demonstrate differences in financial reporting practices across countries and to highlight financial reporting issues especially relevant for multinational corporations. Detailed discussion on the most recent developments in the area of international harmonization/convergence of financial reporting standards. Separate chapter on International Financial Reporting Standards that provides detailed information on selected standards. (Most other IFRSs are covered in other chapters.) Also includes numerical examples demonstrating major differences between IFRSs and U.S. GAAP and their implications for financial statements. Separate chapters for (1) foreign currency transactions and hedging foreign exchange risk and (2) translation of foreign currency financial statements. Detailed examples demonstrating the accounting for foreign currency derivatives used to hedge a variety of types of foreign currency exposure. Separate chapters for (1) international taxation and (2) international transfer pricing. Separate chapter on strategic accounting issues facing multinational corporations. Separate chapter discussing international corporate governance issues CONTENTS Preface / About the Authors / 1 Introduction to International Accounting 2 Worldwide Accounting Diversity 3 International Harmonization of Financial Reporting 4 International Financial Reporting Standards 5 Comparative Accounting 6 Foreign Currency Transactions and Hedging Foreign Exchange Risk 7 Translation of Foreign Currency Financial Statements 8 Additional Financial Reporting Issues 9 Analysis of Foreign Financial Statements 10 International Taxation 11 International Transfer Pricing 12 Strategic Accounting Issues in Multinational Corporations 13 Comparative International Auditing and Corporate Governance 53 Accounting International Edition ACCOUNTING An International Perspective, 5th Edition By By Helen Gernon, University of Oregon and Gary Kenneth Meek, Oklahoma State University - Stillwater 2001 / 208 pages ISBN-13: 978-0-07-231638-4 / MHID: 0-07-231638-1 (Out of Print) ISBN-13: 978-0-07-118116-7 / MHID: 0-07-118116-4 [IE - Revised Edition] CONTENTS Chapter 1: International Perspective on Financial Accounting. Chapter 2: Diversity in Financial Accounting Practices. Chapter 3: Harmonization of Financial Accounting Diversity. Chapter 4: Financial Reporting in the International Environment. Chapter 5: Disclosure Practices Around the World. Chapter 6: Multinational Consolidations and Foreign Currency Translation. Chapter 7: International Financial Statement Analysis. Chapter 8: Strategic Planning and Control in the International Environment. Chapter 9: Performance Evaluation in Multinational Corporations. Chapter 10: Multinational Transfer Pricing and International Taxation. More real-world examples give students further insight into how the tools of valuation apply to real companies. The second edition features 16 new cases that have been incorporated into both the text and the software. Companies covered include Netflix, Overstock.com, Time Warner, Bally Total Fitness, Boston Chicken, Prepaid Legal Services, Amazon.com and several others. The sections on accounting analysis and earnings quality analysis have been expanded and improved. Features Equity Valuation and Analysis with eVal provides the best balance on the market today between theoretical rigor and practical application. Familiar company examples give students a realistic context in which to practice valuation techniques, while the eVal software eliminates the drudgery to allow the concepts to shine through. eVal automates many repetitive tasks in financial statement analysis and valuation. It structures the process in a way that is logical and easy to follow, making it easy for students to learn valuation by doing it. And because eVal is built directly into Microsoft Excel, there is very little learning curve. The textbook presents the material in a concise, non-technical fashion perfect for today’s students. . Financial Statement Analysis New EQUITY VALUATION AND ANALYSIS WITH EVAL 2nd Edition By Russell Lundholm and Richard Sloan of University of Michigan-Ann Arbor 2007 (August 2006) / 336 pages ISBN-13: 978-0-07-330969-9 / MHID: 0-07-330969-9 Equity Analysis and Valuation with eVal closes the gap between the theoretical treatment of equity valuation and the actual practice of valuing a company using real-world data. While the underlying theories of financial analysis and valuation are given their due, the goal is always to answer the question, “What is this company really worth?”. Equity Analysis and Valuation with eVal takes the view that sound forecasts of the future financial statements are the key input to a good valuation, and that most other aspects of the valuation process are mechanical and best left to computers to solve. To that end, the book includes eVal, an Excel-based software application that guides the user through the forecasting and valuation processes while taking care of the minute details of valuation computations. By providing a unified interface for the valuation process, eVal allows you to focus on the forecasting, not on the spreadsheet. eVal also includes financial data for over 8,000 companies along with links to company websites, SEC filings, forecasts and other great sources of data to improve the user’s forecasts. New to this edition Equity Analysis and Valuation with eVal is now a fully integrated learning and teaching package: text, software, cases and data are written and selected to complement each other at every step of the way. Instructors new to Lundholm and Sloan will find they have everything they need to teach a robust valuation course that balances both theory and application. 54 Data can be manually entered into eVal by cutting and pasting from common web sources into an eVal template (the textbook suggests a number of sources for the necessary data). The textbook uses the Kohl’s department store chain as a running example throughout. Armed with the past financial statement data, eVal automatically conducts a comprehensive ratio and cash flow analysis and displays the results both numerically and graphically. For each ratio there is a hyperlink back to the textbook that explains the construction and interpretation of the ratio. eVal prompts the student to enter cost of capital and other valuation assumptions and then presents a valuation of the company based on both the residual income and the discounted cash flow models. The forecasted value of the firm is the same for both models. Further, the textbook derives both valuation models and discusses the relevant issues when selecting cost of capital assumptions. Contents Part One 1. Introduction 2. Information Collection 3. Understanding the Business 4. Accounting Analysis 5. Financial Ratio Analysis 6. Cash Flow Analysis 7. Structured Forecasting 8. Forecasting Details 9. The Cost of Capital 10. Valuation 11. Valuation Ratios 12. Some Complications Part Two 1. AOL Time Warner Merger 2. The Valuation of Amazon.com in June 2001 3. Turnaround at Bally Total Fitness 4. Boston Chicken, Inc. 5. Four Valuation Models-One Value 6. EnCom Corporation 7. GAAP versus the Street: Three Cases of Conflicting Quarterly Earnings Announcements 8. The Home Depot, Inc. 9. Evaluation Intel’s Earnings Torpedo 10. Interpreting Margin and Turnover Ratios 11. Netflix, Inc. 12. Overstock.com 13. Pre-Paid Legal Services 14. Determinants of Valuation Ratios: The Restaurant Industry in 2003 15. Forecasting for the Love Boat: Royal Caribbean Cruises in 1998 16. Can Salton Swing? 17. A Tale of Two Movie Theaters Appendix A Appendix B Appendix C Appendix D Index Accounting International Edition New FINANCIAL STATEMENT ANALYSIS AND SECURITY VALUATION 3rd Edition By Stephen Penman, Columbia University —Business School 2007 (February 2006) / 768 pages ISBN-13: 978-0-07-312713-2 / MHID: 0-07-312713-2 ISBN-13: 978-0-07-125432-8 [IE] / MHID: 0-07-125432-3 [IE] This book describes valuation as an exercise in financial statement analysis. Students learn to view a firm through its financial statements and to carry out the appropriate financial statement analysis to value the firm’s debt and equity. The book takes an activist approach to investing, showing how the analyst challenges the current market price of a share by analyzing the fundamentals. With a careful assessment of accounting quality, accounting comes to life as it is integrated with the modern theory of finance to develop practical analysis and valuation tools for active investing. NEW TO THIS EDITION Exercises have now been divided into Drill Exercises and Applications. Drill Exercises are simple and straightforward, and serve to ease the student into the material, while Applications help students to apply a concept they’re learning to real business practice. All examples and illustrations have been revised to reflect the latest real-world events, as well as developments within accounting and finance. More spreadsheet tools give students greater opportunity to apply the analysis to real data. More accounting material has been incorporated throughout the textbook, underscoring the importance of accounting to valuation and allowing accounting to come to life for students. Features Each text part is a distinct module, allowing the parts to be taught out of order without inconveniencing the instructor. Pedagogical features include chapter-opening flow charts, the Analyst’s Checklist, and the Analyst’s Toolkit. The Web Connection box at the end of each chapter directs students to features on the web page for that chapter, including accounting material. Select end-of-chapter exercises incorporate the Building Your Own Analysis valuation tool on the website. The end-of-chapter material is comprehensive, with updated exercises and cases graded by degree of difficulty. CONTENTS Chapter 1: Introduction to Investing and Valuation. Chapter 2: Introduction to the Financial Statements. Part One: Financial Statements and Valuation. Chapter 3: How Financial Statements Are Used in Valuation. Chapter 4: Cash Accounting, Accrual Accounting, and Discounted Cash Flow Valuation. Chapter 5: Accrual Accounting and Valuation: Pricing Book Values. Chapter 6: Accrual Accounting and Valuation: Pricing Earnings. Part Two: The Analysis of Financial Statement. Chapter 7: Business Activities and Financial Statements. Chapter 8: The Analysis of the Statement of Shareholders’ Equity. Chapter 9: The Analysis of the Balance Sheet and Income Statement. Chapter 10: The Analysis of the Cash Flow Statement. Chapter 11: The Analysis of Profitability. Chapter 12: The Analysis of Growth and Sustainable Earnings. Part Three: Forecasting and Valuation Analysis. Chapter 13: The Value of Operations and the Evaluation of Enterprise Price-to- Book Ratios and Price-Earnings Ratios. Chapter 14: Simple Forecasting and Simple Valuation. Chapter 15: Full-Information Forecasting, Valuation, and Business Strategy Analysis. Part Four: Accounting Analysis and Valuation. Chapter 16: Creating Accounting Value and Economic Value. Chapter 17: Analysis of the Quality of Financial Statements. Part Five: The Analysis of Risk. Chapter 18 The Analysis of Equity Risk and the Cost of Capital. Chapter 19 The Analysis of Credit Risk. Appendix A Summary of Formulas. Index. International Edition New FINANCIAL STATEMENT ANALYSIS 9th Edition By John J. Wild, University of Wisconsin — Madison, K. R. Subramanyam, University of Southern California and Robert F. Halsey, Babson College 2007 (November 2005) / 800 pages ISBN-13: 978-0-07-310023-4 / MHID: 0-07-310023-4 ISBN-13: 978-0-07-125441-0 [IE] / MHID: 0-07-125441-2 [IE] Website: http://www.mhhe.com/fsa9e Financial Statement Analysis, 9e, emphasizes effective business analysis and decision making by analysts, investors, managers, and other stakeholders of the company. It continues to set the standard (over 8 prior editions and hundreds of thousands in unit book sales) in showing students the keys to effective financial statement analysis. It begins with an overview (chapters 1-2), followed by accounting analysis (chapters 3-6) and then financial analysis (chapters 7-11). The book presents a balanced view of analysis, including both equity and credit analysis, and both cash-based and earnings-based valuation models. The book is aimed at accounting and finance classes, and the professional audience as it shows the relevance of financial statement analysis to all business decision makers. The authors: 1. Use numerous and timely “real world” examples and cases 2. Draw heavily on actual excerpts from financial reports and footnotes 3. Focus on analysis and interpretation of financial reports and their footnotes 4. Illustrate debt and equity valuation that uses results of financial statement analysis 5. Have a concise writing style to make the material accessible NEW TO THIS EDITION Dell replaces Kodak as the featured company. Dell presents a healthy, growth company to illustrate the analysis; it is also used to explain many useful business practices. Campbell Soup is retained as another company for illustrations and assignments. Return on Invested Capital (Chapter 8) is substantially revised. Return on equity is decomposed into operating and non-operating components, reflecting current advances in financial statement analysis. The return on net operating assets (RNOA) is further decomposed into net operating asset turnover and operating profit margin. The operating and non-operating distinction is important and offers new insights on company performance. Off-balance-sheet financing discussion is expanded. Discussion of special purpose entities (SPEs) is expanded to include Variable Interest Entities (VIEs) following the passage of new accounting rules for consolidation and their importance in practice. Investments in marketable and derivative securities is moved to Chapter 6. This consolidates all securities investments in one chapter. The analysis of foreign currency disclosures is streamlined and moved to an appendix of Chapter 6. Expanded discussion of accrual accounting. Accrual accounting is the cornerstone of statement analysis. This edition includes further discussion to aid students in their analysis and interpretation of company fundamentals. Pension and OPEB discussion is simplified. A revised Chapter 3 focuses more on analysis and interpretation of postretirement benefit disclosures. The detailed accounting for them is moved to the appendix. 55 Accounting Discussion of equity carve-outs is included. Equity carve-outs, spinoffs, and split-offs have increased in frequency as companies seek to unlock shareholder value. Chapter 3 includes a new section to introduce the accounting and interpretation of them Comprehensive case is expanded to include a revised disaggregation of return on equity. Analysis framework in Chapter 8 is extended to the comprehensive case to reinforce the importance of the operating and non-operating distinction for financial statement analysis. Features Book is focused and practical. The authors continue to emphasize a streamlined and concise book with an abundance of practical applications and directions for analysis. Emphasis on analysis, less on mechanics. Details of financial reporting requirements are streamlined, and include only information necessary to conduct effective financial statement analysis. Emphasis on Valuation. All analysis sections include linkages to securities valuation when relevant – as debt and equity valuation is an important topic in financial statement analysis. The comprehensive case also demonstrates the application of valuation models. Special Purpose Entities. A section on special purpose entities is included with additional discussion and analysis of such off-balance-sheet financing. Special boxed features are updated and include references to fraud using real companies as examples. Consolidations and Analysis. Discussions of equity method accounting and consolidations reflect recent changes to accounting standards and their implications for financial statement analysis and interpretation. Prospective Analysis. An expanded section on prospective analysis (forecasting) is included. It provides step-by-step guidance on the forecasting process and demonstrates prospective analysis in stock valuation, including the comprehensive case. Analysis Features. Each chapter opens with a feature article drawn from the business press, that spotlights the importance of financial statement analysis. This gives readers a benchmark and motivation to apply the skills described in the chapter. Student Annotations. Marginal notes convey additional hints and examples, providing students with a basis to think critically about the issues discussed. Analysis Viewpoints. These allow readers to assume the role of business decision maker (investor, analyst, director, lender) to show real world applications of statement analysis. Research Insights boxes appear throughout the book and describe research that is relevant to analysis and interpretation of financial statements. Real Financial Statements. Dell is featured throughout the book and related assignments provide continuity based on those statements. Campbell Soup’s statements are also reproduced in the book and used for illustration and assignment materials. CONTENTS Part One Introduction and Overview 1. Overview of Financial Statement Analysis 2. Financial Reporting and Analysis Part Two Accounting Analysis 3. Analyzing Financing Activities 4. Analyzing Investing Activities 5. Analyzing Investing Activities: Special Topics 6. Analyzing Operating Activities Part Three Financial Analysis 7. Cash Flow Analysis 8. Return on Invested Capital 9. Prospective analysis 10. Credit Analysis 11. Equity Analysis and Valuation / Comprehensive Case: Applying Financial Statement Analysis Survey of Accounting International Edition New SURVEY OF ACCOUNTING By Thomas P Edmonds, University of Alabama at Birmingham, Philip R Olds, Virginia Commonwealth University, Frances M McNair, Mississippi State University and Bor-Yi Tsay, University of Alabama at Birmingham 2007 (March 2006) / 672 pages ISBN-13: 978-0-07-352677-5 / MHID: 0-07-352677-0 ISBN-13: 978-0-07-110650-4 / MHID: 0-07-110650-2 [IE] Website: http://www.mhhe.com/edmonds/survey Edmonds, Survey of Accounting is written for the non-accounting major and is designed to cover both Financial and Managerial Accounting in a 16-week course. It highlights the Edmonds Horizontal Financial Statements Model, and early coverage of the Statement of Cash Flows with coverage of cash through the financial chapters. The text does not cover debits and credits. Features The text eliminates debits and credits, permitting the instructor to teach accounting without being slowed down by the process of recording transactions. Debits and credits is often a challenging subject and is not essential to the non-accounting majors taking this course. The Horizontal Financial Statements Model helps students visualize the simultaneous impact of business events on all of the key financial statements (the income statement, the balance sheet, and the statement of cash flows). This pedagogical tool is a unique, distinguishing feature of the Edmonds texts. The text truly focuses on the fundamentals of accounting by not going into needless detail or covering too many advanced topics. Edmonds facilitates learning by isolating concepts and presenting them in a logical sequence. Avoiding excessive detail reduces length, helps students stay focused, and enables professors to more easily move through all the topics they want to cover. Coverage of Sarbanes/Oxley and the Public Accounting Oversite Board in Chapter 1. Stressing this right from the start will emphasize the importance of Sarbanes/Oxley and the impact it has on the accounting profession and business world. While typical financial accounting texts focus on just one accounting cycle at a time, managers of companies rarely make important decisions based on only one accounting cycle. That’s why Edmonds presents the key financial statements in a Vertical Statements Model that demonstrates the impact of related events over multiple accounting cycles. Coverage of the statement of cash flows begins in the first financial chapter and continues throughout all remaining financial chapters. Students first analyze the cash account. With the cash account as the data source, preparing a statement of cash flows is simply a matter of classifying events as operating, investing, or financing activities. This approach makes this challenging topic more digestible for students. Real-world focus in the end-of-chapter material and examples throughout the chapter enliven the presentation and build a connection between the theory and what is practiced in the business world. “Reality Bytes” boxes offer more examples of accounting in practice. “Curious Accountant” openers pose a question regarding a real-world accounting issue. “Focus on International Issues” boxes present interesting issues that impact countries around the world, not just the U.S. A Look Back/A Look Forward: Each chapter ends with a summary of the main points and a preview of the next chapter, with an emphasis on how they interrelate. This approach stresses the stepwise, logical organization of the book and helps students understand how topics connect to one another. 56 Accounting Business transactions are classified into four logical categories: an asset source, an asset use, an asset exchange, or a claims exchange. This approach encourages students to think like a manager about the effects of events rather than simply memorize the recording procedures. The managerial chapters of the text focus on decision making. Chapter 10 focuses on how product costing affects financing availability, management motivation, and income tax considerations; Chapter 11 demonstrates how cost behavior affects profitability through operating leverage. The text reflects the United States’ shift from a manufacturing economy to a service-based economy. The managerial chapters provide the appropriate emphasis on the service sector, while Chapter 14, “Planning for Profit and Cost Control,” uses a retail company as opposed to a manufacturing company to teach budgeting concepts. End-of-Chapter problem material includes an “Analyze, Think, Communicate” section (ATC). Problems in this section feature a strong critical-thinking component and provide good opportunities for writing and group assignments. ATC also contains Annual Report Problems, Ethical Dilemmas, Real World Cases, Business Application Cases, and Research Assignments. This gives professors great variety from which to choose when building assignments, and allows them to include more conceptual/decision-making work in the course. Working With Excel and Mastering Excel problems require students to create their own spreadsheets from scratch using information from the text. Screen captures and spreadsheet tips provided on the text’s website lend students additional assistance. CONTENTS Chapter 1 Elements of Financial Statements. Chapter 2 Understanding the Accounting Cycle. Chapter 3 Accounting for Merchandising Businesses. Chapter 4 Accounting for Inventories, Internal Control, and Cash. Chapter 5 Receivables and Uncollectible Accounts. Chapter 6 LongTerm Operational Assets. Chapter 7 Current and Long-Term Liabilities. Chapter 8 Proprietorships, Partnerships, and Corporations. Chapter 9 Financial Statement Analysis. Chapter 10 Management Accounting A Value Added Discipline. Chapter 11 Cost Behavior, Operating Leverage, and Cvp Analysis. Chapter 12 Cost Accumulation, Tracing, and Allocation. Chapter 13 Relevant Information for Special Decisions. Chapter 14 Planning for Profit and Cost Control. Chapter 15 Performance Evaluation. Chapter 16 Planning for Capital Investments. Appendix A Accessing Edgar. Appendix B Topps annual report. Appendix C The Double Entry Accounting System. Glossary. Index text in the Survey market. New to this edition Now available with McGraw-Hill’s Homework Manager and Homework Manager Plus. ROI Focus: Return on Investment (ROI) is one of the most important concepts applicable to business. The authors explain ROI early on, and the effects of various financial reporting practices that are explained in subsequent chapters are illustrated in a real-world context with reference to their impact on this key performance measure. Enhanced Student Online Learning Center includes free access to the Student Self-Study Guide and Working Papers. Students now have a wide range of additional self-study questions and quizzes to practice with. More Managerial Accounting Coverage: The authors have expanded Chapter 16 to include more applications of short-term decision-making models, such as sell as-is or process further decisions, keep or drop product/service decisions, target costing in decision making, and conflicts between financial reporting and decision making. Sarbanes-Oxley and Corporate Governance Coverage: Chapter 10 now covers corporate governance issues and Sarbanes-Oxley, reinforcing the importance of annual report footnotes. This new coverage also helps instructors integrate ethics into their courses. Increased End-of-Chapter Material includes a larger number of easy questions to complement the more involved problems and mini-cases. Also includes a new section entitled Self Study Material, which features multiple choice and matching questions. Finally, a new continuous problem was added to chapters 6, 8 and 11. Features Managerial coverage enhanced with the expansion of some topics such as Activity-Based Costing and Relevant Cost Decision Making. New additions to coverage include Cost Accounting in Service Organizations, Analysis of Investment Centers, and The Balanced Scorecard. References to text website embedded in end-of-chapter section. These notes direct students to the online learning center that accompanies the text in order to take advantage of specific web-based materials as part of their study routine. These items include Self-Study Quizzes and Demonstration Problems. Appendix with Intel Corporation’s complete 2004 annual report provides the basis for problem material that gives students hands-on experience using this important resource. International Edition New ACCOUNTING What the Numbers Mean, 7th Edition By David Marshall, Millikin University, Wayne William McManus, International College of the Cayman Islands and Daniel Viele, Webster University—Webster Groves 2007 (November 2005) / 736 pages ISBN-13: 978-0-07-301121-9 / MHID: 0-07-301121-5 ISBN-13: 978-0-07-110702-0 [IE] / MHID: 0-07-110702-9 [IE] Website: http://www.mhhe.com/marshall7e The Marshall text is written to meet the needs of those students who will not be accountants but who do need to understand accounting in order to effectively participate in activities such as planning, control, and decision- making. Marshall takes readers through the basics: what accounting information is, what it means, and how it is used. In using this text, students examine financial statements and discover what they do and do not communicate. This enables them to gain the crucial decision-making and problem-solving skills they need in order to succeed in a professional environment. Marshall is the leading “Business in Practice” and “Business on the Internet” capsules , updated for this edition, continue to highlight various business procedures and their impact on financial statements. Study Suggestions are incorporated in each chapter as a guide for students to help them navigate new accounting concepts. Mini-cases at the end of each chapter provide the basis for a conceptual discussion of important topics from each chapter while presenting an opportunity for students to enhance writing skills. Many of these cases bring an enhanced ethical component to the text. Excel spreadsheet problems allow students to work with and analyze financial data in a format commonly found in practice. The ready-made templates offer the convenience of e-mailing completed work to the Instructor. As students progress through each chapter, “What Does It Mean?” questions periodically prompt them to test their comprehension following the presentation of key topics. What Does It Mean? Answers are provided in the end-of-chapter materials. 57 Accounting MBA Principles Capstone epilogue, “The Future of Accounting,” helps bring “the big picture” of accounting into focus. This section emphasizes the profession (AICPA vision project), business in general (e-commerce and other activities), technology (the Internet, Data Warehouses, etc.), and a user’s/manager’s role in information access (database queries and end-user computing). Writing Problems, identified by an updated icon, require students to use and develop their written communication skills. CONTENTS 1. Accounting—Present and Past 2. Financial Statements and Accounting Concepts/Principles 3. Fundamental Interpretations Made From Financial Statement Data 4. The Bookkeeping Process and Transaction Analysis 5. Accounting for and Presentation of Current Assets 6. Accounting for and Presentation of Property, Plant and Equipment, and other Noncurrent Assets 7. Accounting for and Presentation of Liabilities 8. Accounting for and Presentation of Owners’ Equity 9. The Income Statement and the Statement of Cash Flows 10. Corporate Governance and Financial Disclosure 11. Financial Statement Analysis 12. Managerial Accounting and Cost-Volume-Profit Relationships 13. Cost Accounting and Reporting Systems 14. Cost Analysis for Planning 15. Cost Analysis for Control 16. Cost Analysis for Decision Making / Epilogue Accounting-The Future of / Appendix / Annual Report of Intel Corporation / Index ACCOUNTING FUNDAMENTALS 7th Edition By Michael G Curran 2006 (September 2005) ISBN-13: 978-0-07-319351-9 / MHID: 0-07-319351-8 (with Student CD-ROM) Website: http://www.mhhe.com/curran7e Accounting Fundamentals is a text-kit that provides a brief but comprehensive introduction to accounting. It gives students a basic understanding of accounting principles and procedures used for recording, classifying, and summarizing financial data. Students also learn accounting terminology and are introduced to the financial forms, records, and statements used in the business world. Contents Principles of Accounting / The Effect of Revenue and Expenses / Asset, Liability, and Owner’s Equity Accounts / Revenue and Expense Accounts / The Trial Balance / Financial Statements / Project 1 / The General Journal / The General Ledger / The Worksheet and the Financial Statements / Closing the Ledger / Project 2 / Introduction to Merchandising Businesses: Sales / Introduction to Merchandising Businesses: Purchases / Accounting for Purchases / Accounting for Sales / The Sales Journal / The Purchases Journal / The Cash Receipts Journal / The Cash Payments Journal / The Accounts Receivable Ledger / The Accounts Payable Ledger / Project 3 / Worksheet Adjustments / Cost of Goods Sold and Statements / Adjusting and Closing the General Ledger / Project 4 / Banking Procedures / Petty Cash and Other Special Cash Procedures / Payroll Procedures / The Combined Journal / Practice Set / Glossary of Terms / Index International Edition New accounting text and Cases, 12th Edition By Robert Anthony and David Hawkins of Harvard Business School, Kenneth Merchant, University of Southern California 2007 (June 2006) / 992 pages ISBN-13: 978-0-07-310091-3 / MHID: 0-07-310091-9 ISBN-13: 978-0-07-125409-0 / MHID: 0-07-125409-9 [IE] Accounting: Text & Cases, by Anthony, Hawkins, and Merchant covers both financial and managerial accounting as well as broader managerial issues. Chapters 1 -14 cover financial accounting, while Chapters 15-21 cover management accounting, and Chapters 22-28 focus on broader issues of control and corporate strategy. The approximately 120 cases that make up most of the end of chapter material are a combination of classic Harvard style cases and extended problems, with 10 completely new cases added to the 12th edition. Accounting: Text and Cases is a product of lifelong dedication to the discipline of accounting, and users of the book benefit from a breadth of experience that is sure to enrich your course and your students. NEW TO THIS EDITION Ten new cases have been added to the 12th edition. Topics covered in the new cases include stock options and predicting bankruptcy through financial statements. New proposals for rules governing business combinations are discussed where appropriate throughout the text. The convergence of IAS and US-GAP accounting standards is highlighted in both cases and readings. Features Strong decision making approach, which has been a hallmark of this book since its inception The cases are diverse, focusing on a variety of small and large businesses to demonstrate to students the wide range and applicability of accounting concepts. International Accounting Standards Board updates, CEO and CFO certification of 10k’s and 10-Qs, XBRL and proforma earnings introduced and discussed in either the text and/or footnotes Anthony, Hawkins and Merchant have decades of top-notch experience in both the teaching and the practice of accounting. End of chapter problems allow students to exercise the concepts demonstrated in each chapter, and provide a smooth transition to the more in-depth case study. Coverage of the latest FASB standards. Strategic cost management is integrated into the book’s later chapters. 58 Accounting contents Part One: Financial Accounting. 1. The Nature and Purpose of Accounting. 2. Basic Accounting Concepts: The Balance Sheet. 3. Basic Accounting Concepts: The Income Statement. 4. Accounting Records and Systems. 5. Revenue and Monetary Assets. 6. Cost of Sales and Inventories. 7. Long-Lived Nonmonetary Assets and Their Amortization. 8. Sources of Capital: Debt. 9. Sources of Capital: Owners’ Equity. 10. Other Items That Affect Net Income and Owners’ Equity. 11. The Statement of Cash Flows. 12. Acquisitions and Consolidated Statements. 13. Financial Statement Analysis. 14. Understanding Financial Statements. Part Two: Management Accounting. 15. The Nature of Management Accounting. 16. The Behavior of Costs. 17. Full Costs and Their Uses. 18. Additional Aspects of Product Costing Systems. 19. Standard Costs, Variable Costing Systems, Quality Costs, and Joint Costs. 20. Production Cost Variance Analyses. 21. Other Variance Analysis. 22. Control: The Management Control Environment. 23. Control: The Management Control Process. 24. Strategic Planning and Budgeting. 25. Reporting and Evaluation. 26. Short-Run Alternative Choice Decisions. 27. Longer-Run Decisions: Capital Budgeting. 28. Management Accounting System Design Corporate Financial Reporting International Edition CORPORATE FINANCIAL REPORTING Text and Cases, 4th Edition By E Richard Brownlee, II, University of Virginia, Kenneth R Ferris, American Graduate School of International Management and Mark E Haskins, University of Virginia 2001 / 816 pages ISBN-13: 978-0-07-231636-0 / MHID: 0-07-231636-5 ISBN-13: 978-0-07-118107-5 [IE] / MHID: 0-07-118107-5 [IE] CONTENTS Part 1: The Institutional Setting and Fundamental Accounting Concepts Chapter 1: The Institutional Setting and the Development of Financial Reporting Standards. Chapter 2: Fundamental Accounting Concepts and the Conceptual Framework. Part 2: The Measurement and Reporting of Income, Financial Position, and Cash Flows Chapter 3: Revenue Recognition, Receivables, and the Income Statement. Chapter 4: The Balance Sheet. Chapter 5: The Statement of Cash Flows. Chapter 6: Corporate Accountability and the Independent Auditor. Part 3: The Measurement and Reporting of Assets Chapter 7: Inventories and the Cost of Goods Sold. Chapter 8: Marketable Securities and Intercorporate Investments. Chapter 9: Non-current Assets and Amortization. Part 4: The Measurement and Reporting of Liabilities Chapter 10: Fundamental Concepts in Liability Valuation and Reporting. Chapter 11: Financial Commitments and Contingencies. Chapter 12: Pensions and Other Post-retirement Benefits. Chapter 13: Income Taxes and Business Decisions. Part 5: The Measurement and Reporting of Stockholders’ Equity Chapter 14: Stockholders’ Equity. Part 6: Selected Reporting and Disclosure Issues and Assessing the Quality of Reported Earnings and Financial Position Chapter 15: Selected Reporting and Disclosure Issues. Chapter 16: Assessing the Quality of Reported Earnings and Financial Position. CORPORATE ACCOUNTING By Mukherjee and Hanif 2005 (September 2005) / 1204 pages ISBN-13: 978-0-07-060429-2 / MHID: 0-07-060429-0 Tata McGraw-Hill Title (Details unavailable at press time) FINANCIAL REPORTING: An Introduction By Jane Lazar, Roshayani Arshad and Huang Ching Choo 2004 / 304 pages ISBN-13: 978-983-2679-46-2 / MHID: 983-2679-46-X An Asian Publication This book is written to fill the need for Malaysian content tailored for tertiary-level students. It is also useful for anyone who needs a clear exposition of the application of relevant local accounting standards. CONTENTS Chapter 1 Conceptual and Regulatory Framework Chapter 2 Accounting for Non-Current Assets Chapter 3 Accounting for Leases Chapter 4 Intangible Fixed Assets Chapter 5 Inventories Chapter 6 Foreign Currency Transactions Chapter 7 Revenue Chapter 8 Reporting Performance Chapter 9 Earnings per Share Chapter 10 Preparation of Financial Statements Chapter 11 Cash Flow Statement Management Control International Edition New MANAGEMENT CONTROL SYSTEMS 12th Edition By Robert N Anthony, Harvard Business School and Vijay Govindarajan, Dartmouth College 2007 (May 2006) / 784 pages ISBN-13: 978-0-07-310089-0 / MHID: 0-07-310089-7 ISBN-13: 978-0-07-125410-6 / MHID: 0-07-125410-2 [IE] Management Control Systems helps students to develop the insight and analytical skills required of today’s managers. Students uncover how real-world managers design, implement, and use planning and control systems to implement business strategies. The 12th edition builds on the strengths of prior editions by offering a rich diversity of cases balanced with current content and research. New to this edition Six brand-new cases address one of the core dilemmas of management control: how to simultaneously implement control systems for new ventures and core businesses within large, established corporations. These new cases center on Encyclopedia Britannica, Corning, Analog Devices, and Hasbro Interactive. Ten cases that have gone out of date since the 11th edition have been eliminated. 59 Accounting Over 40 current real-world examples have been added throughout the text. Features In keeping with the strategic business focus, emphasis on the need to align controls helps students better understand how managers align the controls they implement with the overall strategic goals of an organization. Contemporary strategic cost management topics, such as the balanced scorecard, and new research are integrated throughout the text. A diverse assortment of cases exposes students to manufacturing organizations, entrepreneurial companies, large corporations, the service industry, and nonprofit organizations. Coverage throughout the text on computers and the Internet, as well as the impact of information technology on management control, keeps the text current. Instructors are allowed maximum flexibility in case assignment and organization due to the variety of cases provided. The majority of cases are short, but a few medium to long or two day/two part cases are also included. Provides a global perspective by including domestic, foreign and international companies in the cases. Contents Ch. 1 The Nature of Management Control Systems. Part 1 The Management Control Environment. Ch. 2 Understanding Strategy. Ch. 3 Understanding Behavior in Organizations. Ch. 4 Responsibility Centers: Revenue and Expense Centers. Ch. 5 Profit Centers. Ch. 6 Transfer Pricing. Ch. 7 Measuring and Controlling Assets Employed. Part 2 The Management Control Process. Ch. 8 Strategic Planning. Ch. 9 Budget Preparation. Ch. 10 Analyzing Financial Performance Reports. Ch. 11 Performance Measurement. Ch. 12 Management Compensation. Part 3 Variations in Management Control. Ch. 13 Controls for Differentiated Strategies. Ch. 14 Service Organizations. Ch. 15 Multinational Organizations. Ch. 16 Management Control of Projects MANAGEMENT CONTROL OF MULTINATIONAL ENTERPRISES IN CHINA By Neale O’Connor 2006 (June 2005) / 296 pages ISBN-13: 978-0-07-124738-2 / MHID: 0-07-124738-6 An Asian Publication This book aims at developing an understanding of the various contracting and control issues faced by the multinational enterprise. Emphasis is placed on the theoretical determinants of external contracting and the management control of multinational operations. These issues are illustrated with examples and 18 case studies of actual multinational and regional firm operations in China. In particular, you will be able to: a) Appreciate various theoretical determinants of international business contracting strategies and the organisational structures that complement those strategies; b) Appreciate the cost/benefit trade-offs that are associated with the various contracting arrangements of foreign direct investment in China; and c) Appreciate the significance of various managerial accounting and control techniques that can support the various forms of contracting that are used by foreign multinationals in China. 60 CONTENTS Foreword / Preface / Acknowledgements / About the Author / Abbreviations / 1The International Business Environment and Information Needs / Case Study 1: A Ltd - Guanxi and Agency Problems in China / Case Study 2: SK Group − Selecting Capital Investment in China versus South Korea / Case Study 3: Hotel Kunming Ltd − An Evaluation of a Hotel Investment in China / 2 International Expansion and External Contracting / Case Study 4: Adams Corporation − Best Mode of Entry for Further Expansion into China / Case Study 5: Ace Style − Best Mode of Entry for Expanding Its Production in China / Case Study 6: XYZ (HK) Ltd − Using a Distributorship versus Retail Outlet Ownership as a Mode of Entry into China / Case Study 7: MHK Ltd − Using a Distributorship versus Branch Office as a Mode of Entry into China /3 Management Control of Wholly Owned Subsidiaries / Case Study 8: ABC Ltd − Managing a Service Department in China / Case Study 9: Sanyung Ltd − Can Activity-based Costing Improve Sanyung’s Management Decision Making? / Case Study 10: TSL Jewellery Ltd − / Activity-based Costing / Case Study 11: Healthcare Ltd − Multiple Performance Measures / Case Study 12: Yunhong Group − Delegation and Performance Measurement / 4 Management Control of International Joint Ventures / Case Study 13: Fortune Ltd − The Balanced Scorecard in a Sino-US Joint Venture in China / Case Study 14: AB Holding Limited − A New Incentive Scheme / Case Study 15: ECG Group − Fraud and the Liquidation of a Joint Venture in China / 5 International Transfer Pricing / Case Study 16: XYZ Group − Factors Influencing Its Transfer Pricing Strategy / Case Study 17: MS Group − Organisation Efficiency and Regulatory Requirements: The Influence on Transfer Pricing Determination in a Competitive Environment / Case Study 18: ABC Group − How Can a More Efficient Combination of Pricing and Resource Strategies be Achieved to Minimise the Group’s Tax Liability? / References / Index International Edition MANAGEMENT CONTROL IN NON-PROFIT ORGANIZATIONS 7th Edition By Robert N Anthony, Harvard Graduate School of Business, and David Young, Harvard University 2003 / 840 pages ISBN-13: 978-0-07-250825-3 / MHID: 0-07-250825-6 ISBN-13: 978-0-07-119922-3 [IE] / MHID: 0-07-119922-5 [IE] CONTENTS I. INTRODUCTION 1. The Management Control Function. 2. Characteristics of Nonprofit Organizations. II. MANAGEMENT CONTROL PRINCIPLES 3. General Purpose Financial Statements. 4. Analyzing Financial Statements. 5. Full-Cost Accounting. 6. Measurement and Use of Differential Costs. 7. Pricing Decisions. III. MANAGEMENT CONTROL SYSTEMS 8. The Management Control Environment. 9. Programming and Program Analysis. 10. Operations Budgeting. 11, Control of Operations. 12. Measurement of Output. 13. Reporting on Performance: Technical Aspects. 14. Reporting on Performance: Management Control Reports. 15. Operations Analysis and Program Evaluation. 16. Management Control Systems in Context. Appendix: Answers to Practice Cases Accounting Payroll Accounting PAYROLL RECORDS AND PROCEDURES 5th Edition By M David Haddock, Chattanooga St Tech College and Sherry Cohen 2006 (April 2005) / 336 pages ISBN-13: 978-0-07-298243-5 / MHID: 0-07-298243-8 Website: http://www.mhhe.com/haddock5e Payroll Records and Procedures, 5e, by Haddock/Cohen consists of a student text-workbook, and practice set. The program presents payroll activities and related materials as a single unit and includes a comprehensive practice set that is available separately or shrink-wrapped with the text-workbook. The easyto-read presentation of topics helps students develop efficient working procedures. Numerous illustrations and examples using federal and state forms support content. Contents Unit 1 Payroll Laws and Regulations. Unit 2 New Employee Records. Unit 3 Time and Work Records. Unit 4 Determining Gross Earnings. Unit 5 Determining Payroll Deductions. Unit 6 The Payroll Register. Unit 7 Employee Earnings Records. Unit 8 Paying Employees. Unit 9 Federal Payroll Taxes and Tax Returns. Unit 10 State Payroll Taxes and Tax Reports. Unit 11 Accounting for Payroll / Appendices / Glossary / Index Professional References MANAGEMENT ACCOUNTING DEMYSTIFIED By Leonard Eugene Berry 2006 (November 2005) / 352 pages ISBN-13: 978-0-07-145961-7 / MHID: 0-07-145961-8 A Professional Refernece Title Now anyone can grasp the fundamentals of management accounting--without formal training, unlimited time, or a genius IQ. In Management Accounting Demystified, retired CPA and accounting professor Leonard Eugene Berry provides an effective, illuminating, and entertaining way to learn this complex subject. This self-teaching guide first explains how and why management accounting is at the intersection of accounting information and decision-making. Then, you’ll get details on cost allocation systems, cost analysis, profit planning, operational budgeting, performance evaluations, and more. Featuring end-of-chapter quizzes and a final exam, this book will teach you the ins-and-outs of management accounting in no time at all. Simple enough for a beginner, but challenging enough for an advanced student, Management Accounting Demystified is your shortcut to a working knowledge of this important business topic. This hands-on, self-teaching text offers: An easy way to understand management accounting Hundreds of worked examples with solutions A quiz at the end of each chapter to reinforce learning and pinpoint weaknesses Other Accounting New A final exam at the end of the book No unnecessary technical jargon A time-saving approach to performing better on an exam or at work! FORENSIC ACCOUNTING By William Hopwood, George Richard Young and Jay Leiner of Florida Atlantic University-Boca Raton 2008 (March 2007) / 672 pages ISBN-13: 978-0-07-352685-0 / MHID: 0-07-352685-1 (Details unavailable at press time) Ethics in Accounting New ETHICAL OBLIGATIONS AND DECISION-MAKING IN ACCOUNTING Text and Cases By Steven M Mintz, Claremont McKenna College and Roselyn Morris, Texas State University-San Marcos 2008 (March 2007) / 320 pages ISBN-13: 978-0-07-340399-1 / MHID: 0-07-340399-7 INVITATION TO PUBLISH McGraw-Hill is interested in reviewing manuscript for publication. Please contact your local McGraw-Hill office or email to asiapub@mcgraw-hill.com Visit McGraw-Hill Education (Asia) Website: www.mcgraw-hill.com.sg (Details unavailable at press time) 61 Accounting 62
